FISCO

An Excel-based model that helps independent fiscal institutions assess their country's medium-term fiscal-structural plan and its annual implementation under Regulation (EU) 2024/1263.

What FISCO does

FISCO operationalises the EU's reformed economic governance framework for IFIs. It assesses both the design of the medium-term plan and its annual implementation against the net-expenditure rule, the debt and deficit benchmarks, and the operation of the control account.

Plan assessment

Tests the recommended net-expenditure path against debt sustainability, deficit, and minimum-effort safeguards, with full visibility of the underlying calculations.

Implementation monitoring

Tracks annual deviations and the cumulative control account, and surfaces breaches of the 0.3% and 0.6% of GDP thresholds.

Built for IFIs

Transparent formulas, sourceable data (Eurostat + AMECO), and a step-by-step workflow with embedded video tutorials.

How it's used

  1. Step 1 — Set global parameters: base year, country, plan horizon.
  2. Step 2 — Update outturn data: one-click pull from Eurostat; AMECO series entered manually.
  3. Step 3 — Enter the plan: recommended path and discretionary measures, with a defence-clause scenario available out of the box.

Read the docs →