Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

The first question put to me was on a decision in relation to the rainy day fund. It is my view that we need to set up a rainy day fund and I have already indicated my belief that the appropriate deposit in its first year would be €500 million. That figure comes from the €1.8 billion. That is the answer to the first question.

On the second question, the convention I have had with Fianna Fáil to date and which I expect will be maintained with Deputy Michael McGrath for next year is that a one third to two thirds ratio applies to budget day announcements. I am committed to implementing that.

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