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 (November 2018)

Date News item
28th Nov 2018 IFAC publishes its new Fiscal Assessment Report
31st Oct 2018 IFAC publishes a new working paper on using “Nowcasting to Predict Data Revisions”
2nd Oct 2018 IFAC Endorsement Letter, October 2018
7th Sept 2018 Pre-Budget 2019 Statement
7th Sept 2018 A “Heat Map” for Monitoring Imbalances in the Irish Economy
13th Aug 2018 Response of the Minister for Finance and Public Expenditure & Reform to the Fiscal Assessment Report, June 2018
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