Thursday February 27, 2020

ANALYSIS: Why wait to establish rainy day fund as risks loom

Brexit threat overridden by political necessity in a minority government

Michael Brennan

Political Editor

@obraonain
21st June, 2016
Minister Michael Noonan at the summer economic statement briefing today. Pic: RollingNews.ie

With a potential Brexit around the corner, the government might be well advised to hold on to some spare change.

And the government is only going to set up a rainy day fund with an annual allocation of €1 billion in 2019, rather than starting now.

According to Noonan, the economy is growing at five per cent, the national debt-to-GDP ratio is dropping and there is no risk of the economy overheating.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The narrative of the Sinn Féin surge suggests that politics in Ireland is becoming more polarised like in the US and Britain, but the reality is far more complex

Colin Murphy | 1 week ago

Bank chief McDonagh says move would create better work environment for young parents and people with caring responsibilities

Killian Woods | 1 week ago

Despite a belated show of independence, the US attorney general has been a willing pawn in Trump’s interference in criminal investigations being carried out by the Department of Justice

Marion McKeone | 1 week ago