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Sunday 24 September 2023 Dublin: 15°C

# Rainy Day Fund

Last year
2022
Varadkar 'does not envisage' mini-budget as Taoiseach but can't rule out further intervention
The Tánaiste said €2 billion from the ‘rainy day’ fund could be used to help with rising living costs.
All time
Cabinet agrees not to make €500 million payment into the country's rainy day fund
There is currently no money in the rainy day fund which was set up in 2018.
Government raids €1.5bn rainy day fund for Budget 2021
The fund can only used to mitigate severe events – such as a pandemic.
Paschal Donohoe establishes Rainy Day Fund with initial €1.5 billion in the kitty
The move was announced today.
'Rainy Day Fund is finished before it even started' say TDs as minister drops €500m top-up
Donohoe has rowed back on his commitment to top up the fund this year.
The Rainy Day Fund will not be used for Brexit
The rainy day fund will be supplemented with an annual €500 million from the Exchequer, starting this year.
€1.5 billion to go into a Rainy Day Fund
Another €500m is to be added to the fund annually from 2019.
Donohoe defends 'rainy day fund' - but opposition parties reckon it's 'useless'
The fund has been described as “ill-thought out” and “ill-timed”.
Explainer: What is this 'rainy day fund' we keep hearing about?
We take a look.
There's no money in Ireland's 'rainy day fund'
Because it doesn’t really exist yet.
Two thirds of Irish consumers can't save regularly
While there have been gains over the last year, most Irish people still can’t save every month.
Here's what the Irish are saving money for
Education, renovating homes and holidays are all increasingly popular, but saving for a rainy day is still king.