The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
This Selected Issues paper presents a description of fiscal developments in Ireland since 1980. It attempts to decompose the improvement in the fiscal accounts into contributions from pure fiscal policy measures and contributions from other factors. Fiscal policy in 1997 and the budget for 1998 are outlined, and a discussion of the implications of the Stability and Growth Pact for policy formulation in Ireland is presented. The paper also examines the supervision system in Ireland and the performance of lending institutions.