Oireachtas Joint and Select Committees

Thursday, 7 October 2021

Public Accounts Committee

2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020

9:30 am

Mr. Conor O'Kelly:

As the Comptroller and Auditor General mentioned at the beginning of the meeting, the rainy day fund that was set up had €1.5 billion in it at its peak. Of course, it was activated because of the pandemic, so it was set up for exactly that kind of event. That €1.5 billion, in its entirety, was paid back to the Exchequer during the pandemic, so there are no funds in the rainy day fund as we speak.