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Government Plans To Introduce A Rainy Day Fund

The Minister for Finance says the Government is planning to introduce a 'Rainy Day' fund to help bal...
TodayFM
TodayFM

4:55 PM - 21 Jun 2016



Government Plans To Introduce...

News

Government Plans To Introduce A Rainy Day Fund

TodayFM
TodayFM

4:55 PM - 21 Jun 2016



The Minister for Finance says the Government is planning to introduce a 'Rainy Day' fund to help balance the economy when needed.

Minister Michael Noonan says the fund will be made up of a billion euro a year from 2019 to 2021.

The aim of the fund will be to stimulate the economy in times of recession.

Minister Noonan says as the economy recovers and grows, the government should have extra money to put aside for times of future need:



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