Dipping into rainy day fund cannot be ruled out, says Public Expenditure Minister Michael McGrath

The Government cannot rule out dipping into the six billion euro rainy day fund early next year to help people struggling with the cost-of-living crisis, the Public Expenditure Minister has said.

Michael McGrath said it was “prudent” of the Government to set aside the funds, despite not intending to use them.

“It is a sensible thing to do it is the right thing to do, ” Mr McGrath said.