The Unabhängiger Beirat des Stabilitätsrats (Advisory Board to the Stability Council) is an independent body of experts that assists the Stabilitätsrat (Stability Council) in monitoring compliance with the upper limit on the general government structural deficit set out in the Budgetary Principles Act.
The board produces statements and recommendations in this context that lay the foundation for the work of the Stability Council.
The advisory board was set up as part of Germany's national implementation of the European Fiscal Compact.
The advisory board's members include: one representative each from the Deutsche Bundesbank and the Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung (German Council of Economic Experts); one representative from the research institutes involved in preparing the Joint Economic Forecast; four experts appointed for a period of five years by representatives of the Federation and Länder on the Stability Council; and two experts appointed for a period of five years by the national associations of local authorities and the national organisations of the social security funds.
In line with section 7 subsection (3) of the Stability Council Act, the advisory board expresses its opinion on matters involving compliance with the upper limit on the general government structural deficit as defined in the Budgetary Principles Act.