Leo Varadkar — 2020-10-13

National Surplus (Reserve Fund for Exceptional Contingencies) Act 2019: Motion

FG Leo Varadkar · Dublin West · Minister for Business, Enterprise and Innovation

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contingencies 2

exceptional 3

exchequer’s 1

minister’ 1

act’ 1

surplus 2

reserve 2

section 3

fund 3

transfer 2

authorises 1

act 3

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FG Leo Varadkar this contribution

I move:

That Dáil Éireann authorises the Minister for Finance (the ‘Minister’), pursuant to section 9(1) of the National Surplus (Reserve Fund for Exceptional Contingencies) Act 2019 (the ‘Act’), to transfer €1,500,000,000 (€1.5 billion) from the National Surplus (Exceptional Contingencies) Reserve Fund to the Exchequer’s Central Fund, having regard to the fact that in accordance with section 9(2) and 9(3) of the Act, the Minister, after consultation with the Minister for Public Expenditure and Reform, is satisfied that the transfer is necessary to allow for public expenditure to remedy or mitigate the impact of the COVID-19 virus, which constitutes the occurrence in the State of exceptional circumstances, as defined in section 1 of the Fiscal Responsibility Act 2012.