Seán Fleming (Laois-Offaly, Fianna Fail)
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To ask the Minister for Finance the number of State bodies that have been set up since 9 March 2011; the rationale behind these decisions; and if he will make a statement on the matter. [39997/12]

Michael Noonan (Limerick City, Fine Gael)
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The information requested by the Deputy is as follows:

New Economy and Recovery Authority (NewERA) was established within the National Treasury Management Agency (NTMA). It has not yet been set up as a statuary body.

The Irish Fiscal Advisory Council was established on a non-statutory basis on 7 July 2011 as part of a wider agenda of reform of Ireland’s budgetary architecture. The establishment of the Council was also required under the EU/IMF Programme and it is one of the commitments in the Programme for Government. The Council will be put on a statutory basis later this year when the Fiscal Responsibility Bill 2012, which provides for the implementation of the Fiscal Stability Treaty in domestic legislation, is passed by the Oireachtas and enacted.