Oireachtas Joint and Select Committees

Wednesday, 13 July 2022

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Summer Economic Statement: Irish Fiscal Advisory Council

Mr. Sebastian Barnes:

They are cash reserves that were built up. First, it is good management for the Government to have cash on hand to meet its short-term liabilities if markets were to be disrupted or whatever.