A Bill for an Act to Repeal the Fiscal Responsibility Act, No.31 of 2007 and to Enact the Fiscal Responsibility Act, 2024 to Provide for Prudent Management of the Nation's Resources; Ensure Long Term Macro-Economic Stability of the National Economy; Secure Greater Accountability and Transparency in Fiscal Operations within the Medium Term Fiscal Policy Framework; and the Establishment of the Fiscal Responsibility Commission to Ensure the Promotion and Enforcement of the Nation's Economic Objectives; and for Related Matters

Abstract

This Bill seeks to repeal the Fiscal Responsibility Act, No. 31 of 2007 and to enact the Fiscal Responsibility Act, 2024.