Irish Fiscal Advisory Council

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.

Date News item
29th Nov 2017 Fiscal Assessment Report, November 2017
4th Oct 2017 IFAC Endorsement Letter September 2017
5th Sep 2017 Pre-Budget 2018 Statement
13th Aug 2017 Response of the Minister for Finance and Public Expenditure & Reform to the Fiscal Assessment Report, June 2017
27th Jul 2017 IFAC 2016 Annual Report and Accounts
7th Jun 2017 Fiscal Assessment Report, June 2017
23rd May 2017 IFAC publishes its Ex-Post Assessment of Compliance with the Domestic Budgetary Rule in 2016
17th May 2017 IFAC publishes a new working paper on short-run forecasting models used as part of the endorsement process and for ongoing monitoring and analysis of the Irish economy
26th Apr 2017 IFAC publishes letter to Marco Buti, Director-General for Economic and Financial Affairs (European Commission) regarding the application of the Expenditure Benchmark
10th Apr 2017 IFAC Endorsement Letter April 2017
30th Mar 2017 IFAC Conference explores Fiscal Risks
4th Jan 2017 IFAC welcomes new Chair, new Council Member and reappointment of existing Member