FISCO

An Excel-based tool to help independent fiscal institutions assess their country's medium-term fiscal-structural plan and its annual implementation.

What FISCO does

FISCO is a template for IFIs to operationalise the EU’s reformed economic governance framework. It assesses both the medium-term fiscal-structural plan's compliance with Regulation (EU) 2024/1263 and its annual implementation against the agreed net expenditure path commitment and other debt, deficit and control account criteria.

Medium-Term Plan assessment

Tests the proposed net expenditure path against debt sustainability, deficit, and minimum-effort safeguards.

Implementation monitoring

Tracks annual and cumulative deviations from net expenditure plans in the control account, and flags any breaches of the 0.3% and 0.6% of GDP thresholds.

Built for IFIs

Transparent formulas, automatic data updates from Eurostat and AMECO, and a step-by-step workflow with video tutorials.