Oireachtas Joint and Select Committees

Tuesday, 17 September 2019

Committee on Budgetary Oversight

Pre-Budget Scrutiny: Minister for Finance

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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IFAC, which considers the rules on spending, and some of the information we got from the Minister through freedom of information requests are very clear that it cannot be used in the context of Brexit. The language the Minister uses is very measured because he refers to the tail-risk Brexit, but the fund cannot be used for issues identified. Some of the documentation from the Department specifically states that it cannot be used for Brexit. That might be a moot point, as the Minister said, because the money has not been lodged. Has the €1 billion from ISIF gone into the fund?