Oireachtas Joint and Select Committees

Wednesday, 31 January 2018

Committee on Budgetary Oversight

Proposal to Establish a Rainy Day Fund: Minister for Finance

1:30 pm

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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Will the Minister tell me, as far as he knows, how this will be treated for accounting purposes, particularly as there is a double bind on it? When money is put in does it reduce our debt? When money is taken out, it counts as expenditure. In a sudden crash of the economy, that could become a very difficult issue. It certainly did on the most recent occasion.