Micheál Martin (Cork South Central, Fianna Fail)
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202. To ask the Minister for Finance if he will report on the programme for partnership Government commitment on the rainy day fund; and if he will make a statement on the matter. [23440/18]

Paschal Donohoe (Dublin Central, Fine Gael)
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I am pleased to say that I secured Government agreement to the drafting of a Rainy Day Fund Bill last week, in parallel with committee scrutiny of my policy proposals. This legislation will provide the essential legislative underpinning for the Rainy Day Fund and allow us to fulfill the commitment in the Programme for a Partnership Government.

We have made enormous progress in recent years in stabilising the public finances and putting them on a sustainable footing. Establishing the Fund is a prudent and forward-looking measure, and I am confident that it will help us increase the resilience of the Irish economy to external economic shocks.