Compliance with the fiscal responsibility framework

What this means

• The Department of Finance is legally required to follow Ireland's fiscal responsibility framework, which sets rules on budgets and national debt.[source]
• The Minister for Finance must stick to a medium-term budgetary objective, meaning spending and borrowing plans must be kept on a stable, sustainable path.[source]
• If the government strays significantly from the agreed fiscal rules, the Minister is obliged to take corrective action to bring finances back in line.[source]
• These obligations come from the Fiscal Responsibility Act 2012, which puts binding legal duties on the Minister rather than leaving compliance to political discretion.[source]
• This matters for accountability because it gives citizens and oversight bodies a legal standard against which to measure how the government manages public money.[source]

Direct impact (1)

• duty held by body
  Department of FinanceBody

Indirect impact (7)

Two-hop relationships traced through the entity above. Useful for spotting downstream knock-on effects.

• duty held by body → owns statutory mandate2-hop via dept-finance
  Management of public finances and economic policyMandate
• duty held by body → responsible for commitment2-hop via dept-finance
  Reduce the VAT rate to 9% for food-based hospitalityCommitment
• duty held by body → responsible for commitment2-hop via dept-finance
  Index income tax credits and bands to earningsCommitment
• duty held by body → responsible for commitment2-hop via dept-finance
  Build up the Future Ireland and Infrastructure fundsCommitment
• duty held by body → holds role: Minister of State at the Department of Finance2-hop via dept-finance
  Robert TroyOfficeholder
• duty held by body → holds role: Minister for Finance2-hop via dept-finance
  Simon HarrisOfficeholder
• duty held by body → holds role: Secretary General, Department of Finance2-hop via dept-finance
  John HoganOfficeholder