AN INDEPENDENT ADVISORY BODY CHARGED WITH ASSESSING ESTONIAN FISCAL POLICY

About the Council

The statute of the Fiscal Council requires the Eesti Pank Supervisory Board to nominate the Fiscal Council’s Chair, Vice-Chair and four members for a period of office of five years at the proposal of the Governor of the central bank. Members of the Council must have unblemished reputations, at least a Master’s degree or equivalent in economics, and experience necessary for the Fiscal Council to fulfil its functions. Members of the Fiscal Council may not have a job or other position that could affect the independence of the Council in its work.

The current composition of the Fiscal Council is as follows: Chair Peter Lõhmus, Vice-Chair Viljar Arakas, and members Karin Jõeveer, Ülo Kaasik, Robert Kitt and Martti Randveer.