Budgetary Framework

The Department of Finance maintains a Medium-Term Budgetary Framework or MTBF. The MTBF acts as a procedural manual, and provides an overview of the set of arrangements, procedures, rules and institutions that underlie the conduct of budgetary policies by Government. The MTBF is a living document that is revised as appropriate. The MTBF was originally published in December 2013 and was revised in July 2014.

In addition, as a member of the European Union, Ireland is subject to the Stability and Growth Pact (the ‘SGP’), and is also a signatory of the Treaty on Stability, Co-ordination and Governance in the Economic and Monetary Union. Details of the fiscal rules and the legislation underpinning this is contained below.

 

Stability and Growth Pact overview

Fiscal Responsibility Act 2012 – updated April 2017

Vade Mecum on the Stability and Growth Pact – March 2017

Medium Term Budgetary Framework – July 2014

S.I. No. 508 of 2013

Ministers and Secretaries (Amendment) Act 2013

Guide to SGP – May 2013

Regulation (EU) No 472/2013 of the European Parliament and of the Council – 21st May 2013

Regulation (EU) No 473/2013 of the European Parliament and of the Council – 21 May 2013

Transposition Table for 2011/858/EU – 8th November 2011