Corporation tax report warns of 'potential fiscal hole' The Exchequer could collect €20 billion in corporate taxes this year, according to a report published today by the Department of Finance. Business • 08 Sep 22
NTMA chief says Rainy Day Fund is empty The country's Rainy Day Fund is empty, the Public Accounts Committee has heard today. Business • 07 Oct 21
Government forecasts Budget deficit of €20.5bn for 2021 The Government is projecting a deficit of €21.5 billion, or 6.2% for this year, in what is a dramatically transformed budgetary landscape. budget 2021 • 13 Oct 20
Govt to use Rainy Day Fund money in Budget 2021 The Minister for Finance has received approval from the Cabinet for the €1.5 billion contained in the so-called Rainy Day Fund to be drawn down … Business • 06 Oct 20
€1.5bn to be allocated to Rainy Day Fund The Minister for Finance and Public Expenditure Paschal Donohoe has said €1.5 billion would be transferred from the Ireland Strategic Investment fund into the Rainy … Budget 2020 • 08 Oct 19
€1.5bn to be placed in Rainy Day Fund The Minister for Finance has announced that €1.5 billion will be placed in the Rainy Day Fund to "increase the State's resilience to larger economic … Budget 2019 • 09 Oct 18
Fiscal Advisory Council warns of overspending in Budget The Fiscal Advisory Council says the Government should not increase spending in the next budget by any more than €3.5 billion. Budget • 06 Jun 18
IMF's Lagarde proposes 'rainy day fund' for euro zone International Monetary Fund Managing Director Christine Lagarde has proposed creating a "rainy day fund" for the euro zone to help cushion members of the currency … Business • 26 Mar 18
Public finances in good shape, says Fiscal Council The Fiscal Advisory Council says the public finances are in good shape, but action may be needed to keep them in line over the medium-term. Business • 29 Nov 17
€1.5 billion to be transferred to Rainy Day Fund Minister for Finance Paschal Donohoe said in his Budget speech that the Rainy Day Fund will be established in the coming year, with at least … Budget 2018 • 10 Oct 17
Euro zone considers 'rainy day' fund for future crises Discussions have started on a type of 'rainy day' fund that could help the euro zone address shocks such as the Greek debt crisis in … News • 13 Sep 17
Debate on debt targets not fazing investors - NTMA Investors have not raised concerns about proposals by Leo Varadkar to set looser debt reduction targets or scrap a rainy day fund planned to offset … Business • 21 Jun 17
Government to phase out USC over five budgets The Government has estimated it will have a net fiscal space of €11.3bn available from this year up to 2021. Business • 21 Jun 16
