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
26.04.2017 IFAC publishes letter to Marco Buti, Director-General for Economic and Financial Affairs (European Commission) regarding the application of the Expenditure Benchmark
10.04.2017 IFAC Endorsement Letter April 2017
30.03.2017 IFAC Conference explores Fiscal Risks
04.01.2017 IFAC welcomes new Chair, new Council Member and reappointment of existing Member
16.12.2016 Response from Minister Noonan to Fiscal Assessment Report, November 2016
30.11.2016 Fiscal Assessment Report, November 2016
Charts, Tables and Underlying Data, November 2016
08.09.2016 Pre-Budget 2017 Statement
08.09.2016 Challenges Forecasting Irish Corporation Tax
05.08.2016 Response from Minister Noonan to Fiscal Assessment Report, June  2016
14.07.2016 2015 Annual Report and Accounts
08.06.2016 Fiscal Assessment Report, June 2016
Charts, Tables and Underlying Data, June 2016