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
Colm Brophy (Dublin South West, Fine Gael)
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That works in the process of the fund being a rainy day fund to tackle an event like a natural disaster. That is my understanding of where that exemption sits. If we were looking more at a countercyclical version of it to deal with a recessionary situation and the drawdown in that, is there the same scope within the rules to look at that in terms of the borrowing expenditure limits under the fiscal rules?