The “Fiscal Space Calculator” is an interactive tool that lets users to explore alternative budgetary choices for the coming years.
Users can make their own tax and spending policy choices from 2022.
The calculator sets an overall limit for the available fiscal space. The space available is determined by (1) underlying economic growth and (2) a targeted steady pace of debt reduction from high levels.
Notes: This Fiscal Space Calculator remains a “beta” version. While significant efforts have been made to develop and check it, the Council intends to develop and refine it further over time. Any feedback would be welcome (admin@fiscalcouncil.ie). The Council does not endorse any simulations produced by users using the calculator.