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Turnquest outlines features, impact of Fiscal Responsibility Bill

The government released its Fiscal Responsibility Bill, 2018 on the Ministry of Finance’s website yesterday, which sets policy that will seek to constrain government’s fiscal processes and keep the country on a medium-term trajectory toward economic growth, while creating a culture of transparency and responsibility with regard to public funds. When implemented, the bill will require government to reduce its debt to gross domestic product (GDP) ratio to 50 percent of GDP over time.  [...]