Irish Fiscal Advisory Council (IFAC)

IFAC is an independent statutory body established as part of a wider agenda of reform of Ireland’s budgetary architecture.

Our mandate

  • Assess and endorse, as we consider appropriate, the Government’s official macroeconomic forecasts.
  • Assess the budgetary forecasts.
  • Assess the broader fiscal stance.
  • Monitor compliance with legislated fiscal rules.

“Read our new Fiscal Assessment Report (June 2018)

Latest
Date News item
6th June 2018 IFAC publishes Fiscal Assessment Report, June 2018
6th June 2018 IFAC publishes a new working paper on “Designing a Rainy Day Fund to Work within the EU Fiscal Rules”
31st May 2018 IFAC Publishes a new Stand-Still Scenario for Government Spending in the Medium Term, 2019–2023
31st May 2018 IFAC Publishes its Assessment of Compliance with the Domestic Budgetary Rule in 2017
11th April 2018 IFAC Endorsement Letter, April 2018
5th Mar 2018 IFAC holds a conference on the theme of measuring the Irish cycle
26th Jan 2018 IFAC publishes a new working paper on measuring the Irish Cycle
25th Jan 2018 IFAC publishes a Note on the Proposed Rainy Day Fund for the consideration of the Committee on Budgetary Oversight
22nd Dec 2017 Response of the Minister for Finance and Public Expenditure & Reform to the Fiscal Assessment Report, November 2017
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