Fiscal Responsibility Act (Amendment) Bill, 2024

Legislative Journey

First Reading

21 May 2024
Second Reading

Not yet reached
Committee Report

Not yet reached
Third Reading

Not yet reached
Current Status

Awaiting 2nd Reading

Summary & Analysis

This bill seeks to amend the Fiscal Responsibility (Establishment) Act to, among other things, provide for the use of an estimated revenue-to-debt ratio as a yardstick for borrowing. Increase developmental capital expenditure from excess revenue in annual budgets and generally reduce or completely eliminate wasteful spending.

Documents & Actions

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