When will legislation be brought forward for the rainy day fund? I understand the Cabinet took a decision on that, even though, at the Committee on Budgetary Oversight, the Minister could not give us any indication of the purpose of this fund and whether it is to be an emergency fund, a counter-cyclical fund or otherwise. Many of us believe in sovereign wealth funds and the NTMA doing what it has to do to restore our basic savings and pensions fund. However, many, and I am one of them, are totally opposed to a rainy day fund in 2019, given fiscal space is so tight. We need to have a full debate about putting aside over €1.5 billion in such a short period.

I agree strongly with Deputy Howlin in regard to his comments on the Road Traffic (Amendment) Bill and the Judicial Appointments Commission Bill. What has been happening in recent weeks is damaging the legislative process and damaging the reputation of this House. We have had a long debate and we are into voting mode on the Road Traffic (Amendment) Bill. We should set aside a specific time for that Bill and get it finished, and then deal with the Judicial Appointments Commission Bill in the way Deputy Howlin has said.

I agree with the Deputy. Some of the approach to the issue of road safety and the role of alcohol in it has been made a joke of quite frankly. The sooner we can finalise this legislation the better. That is a matter for the Business Committee, which, I hope, will deal with it responsibly.

The rainy day fund is a prudent measure. The Government has decided to go ahead with it and the Minister for Finance will proceed with drafting the necessary legislation to set it up.