council opinion februari updat stabil programm ireland council european union regard treati establish european commun regard council regul ec juli strengthen surveil budgetari posit surveil coordin econom polici articl thereof regard recommend commiss consult econom financi committe deliv opinion februari council examin updat stabil programm ireland cover period programm compli data requir quot code conduct content format stabil converg programm quot macroeconom scenario underli programm envisag real gdp growth stabilis averag rest programm period basi inform scenario reflect plausibl growth assumpt programm project hicp inflat low side initi unplan surplu reflect stronger expect receipt includ factor shortfal budget expenditur strategi updat envisag modest broadli stabl deficit onward expenditur revenu ratio declin trend programm period increas result recent budgetari measur time signific programm public invest implement result averag gener govern invest ratio programm period gdp equival gnp adjust estim impact cycl common methodolog cyclic adjust balanc surplu project period except small deficit note estim output gap cyclic adjust balanc present unusu high margin uncertainti due special featur irish economi compar previou programm current updat envisag stronger gener govern balanc favour macroeconom scenario risk attach budgetari project broadli balanc hand forecast receipt appear plausibl inclus conting provis project point possibl project outturn expenditur ireland recent shown encourag progress adher expenditur target suggest recent measur strengthen spend control prove effect hand risk higher headlin deficit growth rate spend appear restrain year programm view risk assess budgetari stanc programm suffici maintain stabil growth pact medium term object posit close balanc surplu period suffici safeti margin breach gdp deficit threshold normal macroeconom fluctuat programm period gener govern debt estim fallen gdp gdp treati refer programm project debt ratio stabilis close gdp period absenc acquisit gener govern asset nation pension reserv fund nprf debt ratio fall significantli programm period ireland appear favour posit regard long term sustain public financ low debt ratio ireland pension reform measur enact accumul reserv nprf contribut budgetari sustain cope impact ag strategi outlin programm base conform stabil growth pact framework asset accumul nprf ireland low tax ratio eas accommod sustain gap aris longer term updat overview govern structur reform programm orient enhanc qualiti public servic increas effici public spend address infrastructur irish economi econom polici outlin updat broadli consist countri specif broad econom polici guidelin area public financ recommend irish author enhanc effici public spend improv medium term budgetari framework prioritis infrastructur element nation develop plan real gdp chang sp decemb sp decemb hicp inflat sp decemb oct sp decemb gener govern balanc gdp sp decemb oct sp decemb primari balanc gdp sp decemb oct sp decemb cyclic adjust balanc gdp sp decemb oct sp decemb govern gross debt gdp sp decemb oct sp decemb oj