Cap. 534 Art. 40Revisions.

(1) Subject to the provisions of this Act, the Medium Term Fiscal Strategy may be revised if:

(a) there is a change in the coverage of the general government budget, giving the reasons, the data and other information that is comparable to the new coverage of the general government budget;

(b) there would be a significant worsening of the macroeconomic indicators that were used in preparing the Medium Term Fiscal Strategy;

(c) a new Government deems it appropriate to change the Medium Term Fiscal Strategy to reflect its new policy priorities. In this case, the new government shall indicate the differences from the previous medium-term fiscal strategy.

(2) The Minister for Finance shall submit any revision to the Medium Term Fiscal Strategy to the House of Representatives for its due consideration.

(3) The revision of the Medium Term Fiscal Strategy, the annual budget, or any other budget document, shall be subject to review and opinion from the Fiscal Council.

(4) The revised version of the Medium Term Fiscal Strategy should contain a section detailing and explaining differences from the version previously laid on the Table of the House of Representatives.

Government Annual Report