cap/534 (Cap. 534)

Contents

1. Art. 1 Short title.
2. Art. 2 Interpretation.
3. Art. 3 Fiscal responsibility.
4. Art. 4 Applicability of principles.
5. Art. 5 Fiscal and budgetary policy objectives.
6. Art. 6 Objectives. Stability, Coordination and Governance.
7. Art. 8 Budgetary rule.
8. Art. 9 Ratio of general governmentdebtto gross domestic product.
9. Art. 10 Lower limit of the medium-term budgetary objective.
10. Art. 11 European Commission warning.
11. Art. 13 Monitoring by the Fiscal Council.
12. PART IV
13. Art. 14 Business and financial plans.
14. Art. 15 Medium term fiscal strategy.
15. Art. 16 Annual Draft Budget.
16. Art. 17 Annual Budget.
17. Art. 18 Budgetary expenditures.
18. Art. 19 Review and assessment of proposals.
19. Art. 20 Persons responsible for public service recruitment, etc.
20. Art. 21 Persons responsible for publicly-financed social welfare and pension benefits.
21. Art. 23 Consistency with the fiscal rules.
22. Art. 24 Rejection of approval for new or additional expenditure.
23. Art. 25 Unauthorized new or additional expenditures.
24. Art. 26 Collective agreements and other pay negotiations.
25. Art. 27 Exceptional and duly justified cases.
26. Art. 28 Revenue and expenditure targets.
27. Art. 30 Reduction of budgetary revenues.
28. Art. 31 Contingency reserve.
29. Art. 32 Contingency reserve is to be established as an expenditure vote.
30. Art. 33 Funds earmarked forthecontingency reserve.
31. Art. 34 Amount of contingency reserve.
32. Art. 35 Gradual building up of contingency reserve.
33. Art. 36 Drawdown from the contingency reserve. House of Representatives.
34. Art. 39 Implementation of the approved budget.
35. Art. 40 Revisions.
36. Art. 41 Government Annual Report.
37. PART V
38. Art. 42 The Fiscal Council.
39. Art. 43 Members of the Fiscal Council to be independent from public authorities or from any other institution or authority.
40. Art. 44 Body corporate.
41. Art. 45 Fiscal Council to be independent.
42. Art. 46 Powers for the performance of functions.
43. Art. 47 Number of members.
44. Art. 48 Fiscal Council to beappointedbythe Minster for Finance.
45. Art. 49 Term of office.
46. Art. 50 Resignation and removal. Cap. 386.
47. Art. 51 Remuneration and conditions of office.
48. Art. 52 Staff.
49. Art. 53 Membership of the House of Representatives or of the European Parliament.
50. Art. 54 Confidential information.
51. Art. 55 Funding.
52. Art. 56 Accounts and audit.
53. Art. 57 Appearance before PublicAccounts Committee.
54. Art. 58 Annual report.
55. Art. 59 Seal of Fiscal Council.
56. Art. 60 Premises.
57. Art. 61 Procedure and quorum.