| Company type | Independent statutory body |
|---|---|
| Genre | Independent fiscal watchdog |
| Founded | July 2011 (interim) 12 December 2012 (statutory basis) |
| Headquarters | Whitaker Square (ESRI Building), Sir John Rogerson's Quay, Dublin , |
Area served | Ireland |
Key people | Michael McMahon (chairperson) Dawn Holland Adele Bergin Alessandro Giustiniani |
| Products | Statutory body that conducts independent budgetary oversight of Ireland's Government finances, the appropriateness of the overall fiscal stance, compliance with fiscal rules, assessments of Government's forecasts and an endorsement function (endorsing the Government's macroeconomic forecasts) |
| Website | Fiscal Council's website |
Irish Fiscal Advisory Council (Fiscal Council; Irish: Comhairle Chomhairleach Bhuiséadach na hÉireann) is a non-departmental statutory body providing independent assessments and analysis of the Irish Government's fiscal stance, its economic and budgetary forecasts, and its compliance with fiscal rules. The Fiscal Council was created as part of a wider agenda of budgetary reform after the financial crisis.
The establishment of a fiscal council had been proposed domestically in the National Recovery Plan 2011-2014 and by the Joint Committee on Finance and the Public Service in November 2010. It also became a requirement of the EU/IMF Programme of Financial Support for Ireland (December 2010). Its establishment follows moves to establish independent watchdogs internationally as a means of avoiding repeats of fiscal crises and to promote more transparency around the public finances.[1][2]
- ^ "Independent fiscal institutions". European Commission - European Commission. Retrieved 2019-10-14.
- ^ Beetsma, Roel; Debrun, Xavier (2018-01-29). "Independent Fiscal Councils: Watchdogs or lapdogs?". VoxEU.org. Retrieved 2019-10-14.
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