SBP editorial: Varadkar, infrastructure and the rainy day fund

9th July, 2017

The Public Accounts Committee (PAC) last week provided a bit of political theatre about the much-discussed rainy day fund, with politicians expressing - perhaps not entirely sincerely - surprise that there was in fact nothing in the fund, considering it has yet to be constituted.

In spite of the mock surprise, the PAC hearings have once again raised the important subject of what kind of buffers the state should be able to deploy in a...

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