Readers like you keep news free for everyone.
More than 5,000 readers have already pitched in to keep free access to The Journal.
For the price of one cup of coffee each week you can help keep paywalls away.
Readers like you keep news free for everyone.
More than 5,000 readers have already pitched in to keep free access to The Journal.
For the price of one cup of coffee each week you can help keep paywalls away.
There is currently no money in the rainy day fund which was set up in 2018.
The fund can only used to mitigate severe events – such as a pandemic.
The move was announced today.
Donohoe has rowed back on his commitment to top up the fund this year.
The rainy day fund will be supplemented with an annual €500 million from the Exchequer, starting this year.
Another €500m is to be added to the fund annually from 2019.
The fund has been described as “ill-thought out” and “ill-timed”.
While there have been gains over the last year, most Irish people still can’t save every month.
Education, renovating homes and holidays are all increasingly popular, but saving for a rainy day is still king.