Michael McGrath (Cork South Central, Fianna Fail)
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222. To ask the Minister for Finance if the Irish Fiscal Advisory Council will be asked to comment on the measures contained in the budget separate to its comment on the macroeconomic assumptions underpinning the budget; and if he will make a statement on the matter. [40110/14]

Michael Noonan (Limerick City, Fine Gael)
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The Fiscal Council will be producing their seventh Fiscal Assessment Report in November. This report will include an assessment of the official macroeconomic and budgetary forecasts and also an assessment of whether the fiscal stance is conducive to prudent economic and budgetary management, with reference to the EU Stability and Growth Pact.

The assessment of the fiscal stance adopted in Budgets is a core function of the Council as set out in Section 8(4) of the Fiscal Responsibility Act 2012.