Independent Fiscal and Budget Office: Fine Gael set up the Irish Fiscal Advisory Council (IFAC) in 2011 to serve as an independent fiscal watchdog after poor budgetary management led to the crash of2008. 1FAC has emerged as a credible independent institution, fulfilling its mandate and increasing transparency on fiscal matters. We will build on IFAC's work to date by enhancing its role and giving it the powers and responsibilities of an Independent Budget Office, which will work directly with a new Oireachtas Budget and Finance Committee.
favourably mentions democracy or democratic procedures or institutions