Róisín Shortall (Dublin North West, Social Democrats) | Oireachtas source

The rainy day fund seems to make sense on the surface of it or on a theoretical basis. It seems sensible to engage in counter-cyclical planning and when there are boom-time corporation taxes, it sounds like it would make sense to put them away for a rainy day. However, there has been very little discussion or debate about this and it is very hard to find out the grounds on which that money might be spent in the future. It is not the same as what a family would do in terms of putting money aside. Can the Minister tell us some more about how this fund would work and specifically about the timings involved?

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