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This note provides an overview of the main features and recent developments regarding the advisory European Fiscal Board. This body was established by the European Commission in October 2015, in the context of the implementation of an “integrated framework for sound fiscal policies”, proposed in the Five Presidents' Report of June 2015. The Annex presents excerpts from the latest Annual Reports published by the board.

The purpose of this document is to show to what extent Member States provide in their 2014 and 2015 Stability or Convergence Programmes (SCP) and in their 2016 Draft Budgetary Plans (DBP) information on the role of these independent fiscal bodies. This screening does not prejudice a more careful analysis on whether or not Member States comply with the above provisions on independent bodies, nor on the effectiveness of these bodies. This document is regularly updated.