Defining and Enforcing Minimum Standards for Independent Fiscal Institutions
One of the most salient novelties of the recent reforms of the EU fiscal framework has been the decision to promote the establishment of Independent Fiscal Institutions (IFIs).
As stated in the Network of EU Independent Fiscal Institutions position paper of 5 November 2015, in order for the EU fiscal framework to function effectively, it is highly desirable to ensure that the IFIs are strong enough to fulfill their functions. The IFIs are certainly heterogeneous in tradition, mandates, specific tasks performed, functional organization, size or resources. But although national specificities need to be taken into account, in all cases there is a need to ensure that all of them enjoy a strong position at the national level to conduct all their tasks.
See the full text of the position paper for more information.