The Irish Fiscal Advisory Council is an independent statutory body established as part of a wider agenda of reform of Ireland’s budgetary architecture. The role of the Council is to independently assess, and comment publicly on, whether the Government is meeting its own stated budgetary targets and objectives. It is required to assess and endorse, as it considers appropriate, the official macroeconomic forecasts underpinning each Budget and stability programme. The Council also assesses the fiscal forecasts and the fiscal stance, and monitors compliance with legislated fiscal rules.


02.10.2015 IFAC publishes Letter of Endorsement
25.09.2015 Minister Noonan TD appoints Michael G Tutty and Seamus Coffey to the Irish Fiscal Advisory Council
17.09.2015                       Pre-Budget 2016 Statement
11.09.2015 Working Paper 3: An Analysis of Tax Forecasting Errors in Ireland
28.08.2015:  IFAC publishes Analytical Note 8: Controlling the health budget: Annual budget implementation in the public health area
28.07.2015 Response from Minister Noonan to Fiscal Assessment Report, June 2015