Labour ard fheis: Party’s €1.9bn rainy day fund

Labour is to announce plans for a €1.9bn rainy day fund in the event of a fresh economic downturn, a figure that falls short of Fine Gael’s €2.5bn and has been accused by Fianna Fáil of being a “pale imitation” of the opposition group’s own initiative.
Labour ard fheis: Party’s €1.9bn rainy day fund

Senior party figures confirmed the move to the Irish Examiner at their ard fheis in Mullingar on Saturday.

It is understood Labour’s election manifesto will include a budget stabilisation fund of up to €1.9bn when it is announced next week in order to ensure there is an “economic buffer” for the country.

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