Section 8

to ensure a minimum annual development expenditure incurred as a percentage of gross domestic product in generating economic growth;

to achieve a sustainable fiscal balance as a percentage of gross domestic product in the medium term;

to achieve a prudent debt level as a percentage of gross domestic product in the medium term; and

to limit the exposure to fiscal risk in relation to any financial guarantees as a percentage of gross domestic product.

The fiscal objectives shall be measured by the quantified values specified in the First Schedule.

The quantified values shall consist of at least one numerical target to be achieved over the medium term.

The key components of fiscal policy in achieving the fiscal objectives shall be as provided under Part III of this Act.

Medium Term Fiscal Framework