Irish Fiscal Advisory Council Annual Report and Accounts for 2021 (fiscalcouncil.ie)

• IFAC is a statutory body under the Fiscal Responsibility Act 2012.
• Published two Fiscal Assessment Reports and a Pre-Budget Statement in 2021.
• Appeared before the Oireachtas Budgetary Oversight Committee three times.
• Held fifth annual conference on high public debt and low interest rates.
• Adopted new governance policies; internal audit conducted on internal controls.
• OECD peer review published; Council implementing recommendations.
• Five members: three male, two female; secretariat of six.
• Expenditure within annual ceiling of €800,000 (indexed).

"The Irish Fiscal Advisory Council's 2021 annual report details its statutory functions of independently assessing the Government's budgetary targets, macroeconomic forecasts, and compliance with fiscal rules. In 2021, the Council published two Fiscal Assessment Reports, a Pre-Budget Statement, working papers, and analytical notes. It appeared before the Oireachtas Select Committee on Budgetary Oversight three times and held its fifth 'Path for the Public Finances' conference. The Council adopted several governance policies in line with the Code of Practice for State Bodies. A peer review by the OECD was published, and the Council is implementing its recommendations. The Council's membership includes five experts, with a gender balance of 60% male and 40% female."