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
05.09.2017 Pre-Budget 2018 Statement
13.08.2017 Response of the Minister for Finance and Public Expenditure & Reform to the Fiscal Assessment Report, June 2017
27.07.2017 IFAC 2016 Annual Report and Accounts
07.06.2017 Fiscal Assessment Report, June 2017
23.05.2017 IFAC publishes its Ex-Post Assessment of Compliance with the Domestic Budgetary Rule in 2016
17.05.2017 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
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