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Irish Fiscal Advisory Council
Irish Fiscal Advisory Council (Fiscal Council; ga, Comhairle Chomhairleach Bhuiséadach na hÉireann) is a non-departmental statutory body providing independent assessments and analysis of the Irish Government's fiscal stance, its economic and budgetary forecasts, and its compliance with fiscal rules. The Fiscal Council was created as part of a wider agenda of budgetary reform after the financial crisis. The establishment of a fiscal council had been proposed domestically in the National Recovery Plan 2011-2014 and by the Joint Committee on Finance and the Public Service in November 2010. It also became a requirement of the EU/IMF Programme of Financial Support for Ireland (December 2010). Its establishment follows moves to establish independent watchdogs internationally as a means of avoiding repeats of fiscal crises and to promote more transparency around the public finances. Purpose The Fiscal Council was formed as part of a programme of reform of Ireland's "budgetary archit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Republic Of Ireland
Ireland ( ga, Éire ), also known as the Republic of Ireland (), is a country in north-western Europe consisting of 26 of the 32 counties of the island of Ireland. The capital and largest city is Dublin, on the eastern side of the island. Around 2.1 million of the country's population of 5.13 million people resides in the Greater Dublin Area. The sovereign state shares its only land border with Northern Ireland, which is part of the United Kingdom. It is otherwise surrounded by the Atlantic Ocean, with the Celtic Sea to the south, St George's Channel to the south-east, and the Irish Sea to the east. It is a unitary, parliamentary republic. The legislature, the , consists of a lower house, ; an upper house, ; and an elected President () who serves as the largely ceremonial head of state, but with some important powers and duties. The head of government is the (Prime Minister, literally 'Chief', a title not used in English), who is elected by the Dáil and appointed by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Put On The Green Jersey
'Put on the green jersey' is a phrase to represent putting the Irish national interest first. The phrase can be used in a positive sense, for example evoking feelings of national unity during times of crisis. The phrase can also be used in a negative sense - e.g. the Irish national interest as an excuse for immoral conduct or corruption. The phrase reflects the wearing of green sports jerseys by most of Ireland's sporting teams. Main use Political intrigue While the term is used in a range of contexts, it is most common to see it used in a pejorative sense, and to describe taking face saving actions, over unveiling the facts. In this context, it is often used in relation to political situations and the choice between protecting Ireland's international reputation versus the need for public disclosure. The term is invoked frequently in such a manner during debates in the Irish Dáil Éireann (a search of Dáil Éireann debates lists over 400 instances), where opposition members so ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Office For Budget Responsibility
The Office for Budget Responsibility (OBR) is a non-departmental public body funded by the UK Treasury, that the UK government established to provide independent economic forecasts and independent analysis of the public finances. It was formally created in May 2010 following the general election (although it had previously been constituted in shadow form by the Conservative party opposition in December 2009) and was placed on a statutory footing by the Budget Responsibility and National Audit Act 2011. It is one of a growing number of official independent fiscal watchdogs around the world. Richard Hughes, former Director of Fiscal Policy at HM Treasury, has been head since October 2020. Functions The UK government created the OBR in 2010 with the goal of offering independent and authoritative analysis of the UK's public finances. To that end it produces two 5-year-ahead forecasts for the economy and the public finances each year, alongside the Budget and Spring Statements. In it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EU Independent Fiscal Institutions Network
The EU Independent Fiscal Institutions Network (EU IFIs) is a voluntary and inclusive institution open to all independent fiscal oversight bodies operating in the EU. It provides a platform to exchange views, expertise and pool resources in areas of common concern. It was formally created in September 2015 following the meeting of EU fiscal oversight bodies. The Network supports the efforts to review and reinforce the EU fiscal framework, seeking to better exploit the synergies between rules and institutions, as well as between different levels of administration whilst respecting the principle of subsidiarity and enhancing local ownership and accountability. The network is currently headed by Sander van Veldhuizen, Chair of the CPB Netherlands Bureau for Economic Policy Analysis. The Secretariat is managed by the Centre for European Policy Studies (CEPS). Chairs * José Luis Escrivá (2015–2019) * Seamus Coffey (2019–2020) * Sander van Veldhuizen (2020–2021) * Richar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University College Galway
The University of Galway ( ga, Ollscoil na Gaillimhe) is a public research university located in the city of Galway, Ireland. A tertiary education and research institution, the university was awarded the full five QS stars for excellence in 2012, and was ranked among the top 1 percent of universities in the 2018 ''QS World University Rankings''. The university was founded in 1845 as "Queen's College, Galway". It was known as "University College, Galway" (UCG) (Irish: ''Coláiste na hOllscoile, Gaillimh''), until 1997 and as "National University of Ireland, Galway" (NUI Galway) (Irish: ''Ollscoil na hÉireann, Gaillimh; OÉ Gaillimh''), until 2022. In late April 2022, it was announced that NUI Galway would be renamed "Ollscoil na Gaillimhe – University of Galway" in summer 2022, amid confusion over its proper title. University of Galway is a member of the Coimbra Group, a network of 40 long-established European universities. History The university was established in 1845 as ' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University College Cork
University College Cork – National University of Ireland, Cork (UCC) ( ga, Coláiste na hOllscoile Corcaigh) is a constituent university of the National University of Ireland, and located in Cork. The university was founded in 1845 as one of three Queen's Colleges located in Belfast, Cork, and Galway. It became University College, Cork, under the Irish Universities Act of 1908. The Universities Act 1997 renamed the university as National University of Ireland, Cork, and a Ministerial Order of 1998 renamed the university as University College Cork – National University of Ireland, Cork, though it continues to be almost universally known as University College Cork. Amongst other rankings and awards, the university was named Irish University of the Year by ''The Sunday Times'' on five occasions; most recently in 2017. In 2015, UCC was also named as top performing university by the European Commission funded U-Multirank system, based on obtaining the highest number of "A" sco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seamus Coffey
Seamus Coffey is an Irish economist and media contributor with a focus on the performance of the Irish economy and Irish macroeconomic and fiscal policy. He is a lecturer at University College Cork. He was chair of the Irish Fiscal Advisory Council (IFAC) from 2016 to 2020. Career Coffey authored the Irish state's review of the Irish corporate tax code in 2016 (the ''Coffey Report''), whose findings were implemented in 2017–2018. His bi-annual statutory IFAC reports on the sustainability of Irish State finances are covered in the Irish and international media. In December 2017, International Tax Review named Coffey in its ''2017 Global Tax 50''. Coffey maintains an economics blog called ''Economic Incentives'', which was the first to show the source of Ireland's 2015 distorted GDP growth was Apple. Coffey has won praise amongst financial commentators for the independence of IFAC's reports, and his role of 'financial watchdog' of state finances. See also * Morgan Kelly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic And Social Research Institute
The Economic and Social Research Institute is an Irish research institute founded in 1960 to provide evidence-based research used to inform public policy debate and decision-making. The research of the institute focuses on the areas of sustainable economic growth and social progress. Alan Barrett is the Director of the institute. History The institute was founded in 1960 by a group of senior academics and public servants, led by T. K. Whitaker, Secretary of the Department of Finance. While conducting an economic study of Ireland, Whitaker became aware of the necessity for an independent research organisation to conduct analysis of data using up-to-date quantitative techniques in order to make the data useful for public policy makers. The US-based Ford Foundation provided seed funding to establish the Economic Research Institute in 1960. In 1966 the remit of the institute was expanded to include social research and the name changed to Economic and Social Research Institute ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Ireland
The Central Bank of Ireland ( ga, Banc Ceannais na hÉireann) is Ireland's central bank, and as such part of the European System of Central Banks (ESCB). It is the country's financial services regulator for most categories of financial firms. It was the issuer of Irish pound banknotes and coinage until the introduction of the Euro currency, and now provides this service for the European Central Bank. The Central Bank of Ireland was founded on 1 February 1943, and since 1 January 1972 has been the banker of the Government of Ireland in accordance with the Central Bank Act 1971, which can be seen in legislative terms as completing the long transition from a currency board to a fully functional central bank. Its head office, the Central Bank of Ireland building, was located on Dame Street, Dublin from 1979 until 2017. Its offices at Iveagh Court and College Green also closed down at the same time. Since March 2017, its headquarters are located on North Wall Quay, where the pu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Statistics Office (Ireland)
The Central Statistics Office (CSO; ga, An Phríomh-Oifig Staidrimh) is the statistical agency responsible for the gathering of "information relating to economic, social and general activities and conditions" in Ireland, in particular the National Census which is held every five years. The office is answerable to the Taoiseach and has its main offices in Cork.The Director General of the CSO is Pádraig Dalton. History The CSO was established on a statutory basis in 1994 to reduce the number of separate offices responsible for collecting statistics for the state. The CSO had existed, as an independent ad hoc office within the Department of the Taoiseach since June 1949, and its work greatly increased in the following decades particularly from 1973 with Ireland joining the European Community. Previous to the 1949 reforms, statistics were collected by the Statistics Branch of Department of Industry and Commerce on the creation of the Irish Free State in 1922. The Statistics Bra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Agencies Of The Republic Of Ireland
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and mixed governme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of The Republic Of Ireland
The economy of the Republic of Ireland is a highly developed knowledge economy, focused on services in high-tech, life sciences, financial services and agribusiness, including agrifood. Ireland is an open economy (3rd on the Index of Economic Freedom) and ranks first for high-value foreign direct investment (FDI) flows. In the global GDP per capita tables, Ireland ranks 3rd of 192 in the IMF table and 4th of 187 in the World Bank ranking. Following a period of continuous growth at an annual level from 1984 to 2007, the post-2008 Irish financial crisis severely affected the economy, compounding domestic economic problems related to the collapse of the Irish property bubble. Ireland first experienced a short technical recession from Q2-Q3 2007, followed by a recession from Q1 2008 – Q4 2009. After a year with stagnant economic activity in 2010, the Irish real GDP rose by 2.2% in 2011 and 0.2% in 2012. This growth was mainly driven by improvements in the export sector ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
