Council of Ministers’ approval and circulation to parliament of a quarterly budget
execution report that presents the projection of revenue and expenditure for the
remainder of 2016 reflecting the fiscal program agreed under the Stand-By
Arrangement (SBA), an explanation of variations from the 2016 budget, and the
measures listed in ¶20 of the Memorandum of Economic and Financial Policies
(MEFP) to be taken to ensure that the budget execution remains in line with the
macroeconomic framework agreed under the SBA.
Rationale: Preserve macroeconomic stability. 