The government will put €1.5 billion euro into a rainy day fund next year.
The scheme will start in 2018 with a further billion euro being added over the following two years.
Some critics have said it’s money that should be spent on services or infrastructure instead but Taoiseach Leo Varadkar says that it will act as a form of buffer.
"The rainy day fund will be established in 2018 and will be kick-started with 1.5 billion from the Ireland Strategic Investment Fund being put into that rainy day fund."
"€500 million will be added in 2019 and 2020 and that's designed to be a buffer, to insulate us from any future shocks that my occur."