Latest: Finance Minister defends halving rainy day fund

Latest: The Finance Minister has defended plans to halve the money set aside for the ’rainy day fund’.

Latest: Finance Minister defends halving rainy day fund

Update - 2.09pm:The Finance Minister has defended plans to halve the money set aside for the ’rainy day fund’.

Paschal Donohoe has confirmed that half of the €1bn which was being put away from 2019, will now be spent on capital projects instead.

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