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The Irish Fiscal Advisory Council was established in July 2011 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 assesses the appropriateness and soundness of the Government’s macroeconomic projections, budgetary projections and fiscal stance. The Council also examines the extent of Government compliance with legislated fiscal rules.