Obtain Cabinet approval of the draft of new Public Finance and Audit Act that covers fiscal responsibility provisions, management and use of public funds, and management of public debt.
Introduced at R0. Macroeconomic criticality: To strengthen budget management and ensure fiscal sustainability. At R1, In progress. It has been replaced by a new benchmark and a new intermediate benchmark has been also introduced (see below). The process involves the production of four discussion papers, one of which has been completed. The remaining three will be completed by end-June. Public consultations will be required (in September) before the final draft bill is submitted to Cabinet for approval.