Friday, 6 September 2019

Questions (77)

Mary Lou McDonald


77. Deputy Mary Lou McDonald asked the Minister for Finance the annual operating cost for the Irish Fiscal Advisory Council in 2018 and 2019, respectively. [34971/19]

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Written answers (Question to Finance)

The Irish Fiscal Advisory Council is funded directly by the Exchequer. Funding is categorised as non-voted current expenditure. As per the recently published Finance Accounts 2018, the operating cost of the Council in 2018 was €0.675 million.

The Fiscal Responsibility Act, 2012 provides for an expenditure ceiling of €0.8 million for the Fiscal Council in 2012. This sum is to be adjusted by the annual percentage change in the Harmonised Index of Consumer Prices published by the Central Statistics Office for each subsequent year.

The projected operating cost of the Council in 2019 is €0.83 million, of which €0.35 million has been expended to end-July as per the July Fiscal Monitor.