The Network of EU IFIs welcomes recent steps made by the Commission to make the European Fiscal Board (EFB) operative. The Chairman, Niels Thygesen, and the additional four members were appointed yesterday and are expected to start working soon. Read more
The Office for Budget Responsibility (OBR) is planning to start publishing a dedicated Fiscal risks report to help promote an informed public debate about the sustainability of the public finances. An interesting new OBR discussion paper seeks views on what should be included in a fiscal risks report. Read more
AIReF endorses the Government's forecasts for the macroeconomic scenario as likely. AIReF considers the Government's overall macroeconomic scenario to be plausible. Read the report for more information.
The Cyprus Fiscal Council has recently published its Spring Report 2016.