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.
|28.07.2015||Response from Minister Noonan to Fiscal Assessment Report, June 2015|