A Bill for an Act to Amend the Fiscal Responsibility Act No. 31 Of 2007, to Review the Operating Surplus and General Reserve Fund of Statutory Corporations and Government Owned Body Corporates and for Related Matters
National Assembly (2023)
Working Paper
This Bill seeks to amend the Fiscal Responsibility Act No. 31 2007 to change the phrase One Fifth in Section 22(1) to Twenty Percent and also to create sanctions for defaulting Government Corporations and Agencies in order to increase the level of accountability amongst Government Corporations and Agencies.