ELI5: Explain Like I'm 5

Fiscal council

A fiscal council is like a group of adults who are really good at managing money. Their job is to keep an eye on how the government is spending and saving their money. They make sure that the government is not spending too much money and getting into debt. They also make sure that the government is saving money so they can use it when they need it.

Just like how parents save money for their children's future, the fiscal council makes sure that the government saves some money for unexpected problems that might happen in the future. They work hard to make sure that the government is financially responsible and doesn't make any big mistakes with the money. This helps make sure that everyone has enough money for important things like schools, health care, and fixing roads.

In summary, a fiscal council is like a group of financial experts who help the government manage their money wisely, so that everyone can benefit from it.