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Section 33

of Public Finance and Fiscal Responsibility Act 2023

ActIn forceProvision 33 of 38

Section 33

(1)

The Minister shall, in respect of every financial year, lay before the House of Representatives the fiscal outlook report together with the statement of the estimated receipts and expenditure for that year.

(2)

The fiscal outlook report shall contain the following information:

(a)

total revenue;

(b)

total expenditure;

(c)

the fiscal balance;

(d)

the level of total debt and other liabilities;

(e)

the consolidated public sector fiscal position;

(f)

the Medium Term Fiscal Framework;

(g)

any fiscal adjustment plan referred to under Part IV where applicable; and

(h)

other relevant fiscal indicators.

(3)

The fiscal outlook report shall contain the performance and strategy of the Government to achieve the fiscal objectives for each financial year and for the Medium Term Fiscal Framework period.