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Friday 9 June 2023 Dublin: 17°C

# Rainy Day Fund

Last year
# cost of living crisis
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
# empty piggy bank
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.
# emergencies only
Government raids €1.5bn rainy day fund for Budget 2021
The fund can only used to mitigate severe events – such as a pandemic.
# Rainy Day Fund
Paschal Donohoe establishes Rainy Day Fund with initial €1.5 billion in the kitty
The move was announced today.
# White Paper
'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.
# piggy bank savings
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.
# budget 2019
€1.5 billion to go into a Rainy Day Fund
Another €500m is to be added to the fund annually from 2019.
# financial cushioning
Donohoe defends 'rainy day fund' - but opposition parties reckon it's 'useless'
The fund has been described as “ill-thought out” and “ill-timed”.
# Money Money Money
Explainer: What is this 'rainy day fund' we keep hearing about?
We take a look.
# Piggy Bank
There's no money in Ireland's 'rainy day fund'
Because it doesn’t really exist yet.
# Rainy Day Fund
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.
# Rainy Day Fund
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.