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
- Minister for Finance Primary
- First StageDáil
- Second StageDáil
- Committee StageDáil
- Report StageDáil
- Fifth StageDáil
- Second StageSeanad
- Committee StageSeanad
- Report StageSeanad
- Fifth StageSeanad Enacted
- EnactedEnacted
- 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