Irish Fiscal Advisory Council

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

We have a mandate to:

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

Latest
Date	News item
2nd July 2019	Read our new Analytical Note on estimating how responsive Ireland’s deficit is to the economic cycle
2nd July 2019	We have added a new “Datasets” page for researchers
11th June 2019	IFAC publishes its new Fiscal Assessment Report
11th June 2019	IFAC publishes a new working paper on “Estimating Ireland’s Tax Elasticities: A Policy-Adjusted Approach”
7th June 2019	IFAC Publishes a new Stand-Still Scenario for Government Spending over the Medium Term, 2020–2023
23rd May 2019	IFAC Publishes its Assessment of Compliance with the Domestic Budgetary Rule in 2018
18th Apr 2019	New Council Member is Appointed to IFAC
5th Apr 2019	IFAC Endorsement Letter, April 2019
29th Mar 2019	IFAC publishes a new working paper on “The Current Account: a Real-Time Signal of Economic Imbalances or 20/20 Hindsight?”
22nd Feb 2019	IFAC holds its third annual “Path for the Public Finances” conference in Dublin Castle
30th Jan 2019	IFAC publishes a new working paper on “Ireland’s Spending Multipliers”
23rd Jan 2019	Response of the Minister for Finance and Public Expenditure & Reform to the Fiscal Assessment Report, November 2018
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