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Enacted Dáil
No. 66 of 2012

Fiscal Responsibility Bill 2012

Public bill · Government · Presented

The Fiscal Responsibility Bill 2012 would put EU rules on national deficits and debt into Irish law. It would require the Government to aim for a balanced budget or follow a path towards one, reduce debt above 60% of national income, and take corrective action after a significant deviation, while allowing exceptions for extraordinary circumstances. It would also establish an independent Irish Fiscal Advisory Council to assess the Government’s budget plans, with five members, public reporting duties and Oireachtas oversight.

Formal long title

Bill entitled an Act to make provision for securing that the rules in Article 3 of the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union take effect in the law of the State in accordance with paragraph 2 of that Article and that the rule in Article 4 of that Treaty takes effect in the State; to make provision in accordance with Article 3 of that Treaty in relation to a medium-term budgetary objective and a correction mechanism; to establish a body to be known as Comhairle Chomhairleach Bhuiséadach na hÉireann or, in the English language, the Irish Fiscal Advisory Council and provide for its functions; and to provide for related matters

Last updated 12 April 2018

Sponsor
  • Minister for Finance Primary
Progress
  • First Stage
    Dáil
  • Second Stage
    Dáil
  • Committee Stage
    Dáil
  • Report Stage
    Dáil
  • Fifth Stage
    Dáil
  • Second Stage
    Seanad
  • Committee Stage
    Seanad
  • Report Stage
    Seanad
  • Fifth Stage
    Seanad Enacted
  • Enacted
    Enacted
Debates
  • Fiscal Responsibility Bill 2012: Committee and Remaining Stages
    Seanad
  • Fiscal Responsibility Bill 2012: Second Stage
    Seanad
  • Fiscal Responsibility Bill 2012: Committee Stage
    Select Sub-Committee on Finance
  • Fiscal Responsibility Bill 2012: Second Stage (Resumed)
    Dáil
  • Fiscal Responsibility Bill 2012: Second Stage (Resumed)
    Dáil
  • Fiscal Responsibility Bill 2012: Referral to Select Committee
    Dáil
  • Fiscal Responsibility Bill 2012: Second Stage (Resumed)
    Dáil
  • Fiscal Responsibility Bill 2012: Second Stage (Resumed)
    Dáil
  • Fiscal Responsibility Bill 2012: Second Stage (Resumed)
    Dáil
  • Fiscal Responsibility Bill 2012: Order for Second Stage
    Dáil
  • Fiscal Responsibility Bill 2012: Second Stage
    Dáil

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