Ministers and Secretaries (Amendment) Act 2013
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Amendment of Fiscal Responsibility Act 2012. |
3.— The Fiscal Responsibility Act 2012 is amended in section 8 by substituting the following for subsection (4): | |
“(4) The Fiscal Council shall— | ||
(a) endorse, as it considers appropriate, the macroeconomic forecasts prepared by the Department of Finance on which the Budget and stability programme will be based, | ||
(b) provide an assessment of the official forecasts, and | ||
(c) in relation to each Budget and stability programme, provide an assessment of whether the fiscal stance for the year or years concerned is, in the opinion of the Fiscal Council, conducive to prudent economic and budgetary management, including by reference to the provisions of the Stability and Growth Pact.”. |