Oireachtas Joint and Select Committees
Thursday, 17 November 2022
Public Accounts Committee
2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
9:30 am
Mr. John McCarthy:
Yes, the rainy day fund is there to buffer against lots of things, including a potential fall in corporation tax receipts. The Minister has said on numerous occasions that we are now living in a very shock-prone world. In this decade alone, we have had Brexit, a global pandemic and an energy price shock. The world is much more shock prone, which is why the Minister decided-----