Budget 2023: Dipping into rainy day fund cannot be ruled out, says McGrath 

Paschal Donohoe and Michael McGrath pictured with Claire Byrne this morning at RTE Radio Centre. Picture: Colin Keegan, Collins Dublin

The Government cannot rule out dipping into the €6bn 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.