Dáil debates

Tuesday, 1 October 2019

Ceisteanna Eile - Other Questions

Brexit Expenditure

5:35 pm

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I am a bit taken aback by the Minister's response. As stated, I am not looking for details in respect of the specific measure or the final figure; I am looking for a ballpark idea of his thinking on the level of investment needed for a no-deal Brexit. This would normally be set out in the summer economic statement or the spring economic statement, and the Minister is telling me he has not even discussed it with Cabinet. We are a week out from the budget and possibly within 31 days of a no-deal Brexit and he is indicating that he has not discussed the scale of support that would be required in that context, a context that will take approximately €6 billion off the general Government balance. I am absolutely staggered that none of these discussions are happening at Cabinet level and that none of his Cabinet colleagues is asking him the questions I am asking. I am very surprised by that and also very nervous about it. However, if the Minister cannot give me an answer, he cannot give me an answer. Perhaps he can answer the question about the rainy day fund. The legislation is very clear. His Department officials, in response to my freedom of information request, were very clear as well. The fund cannot be used for Brexit mitigation measures. Can the Minister confirm that the €1.5 billion that is earmarked to go into the fund by the end of the year and the €500 million already factored into budget 2020 will not go into the fund and will instead be redirected or held back in case we need the money in the context of Brexit?

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