Strategic policy statement

 

(1) The Minister must table a strategic policy statement in the House of Representatives on or before 30th June in each financial year.

 

(2) The strategic policy statement must include –

(a)    a statement of the Government’s broad objectives for the next financial year and for at least the following 2 financial years;

(b)    a statement of the Government’s financial targets or limits for the next financial year and for the following 2 financial years, relating to –

(i)                  the budget result as a proportion of gross domestic product;

(ii)                government debt as a proportion of gross domestic product;

(iii)               government debt servicing as a proportion of gross domestic product; and

(iv)              contingent liabilities as a proportion of gross domestic product;

(c)    a statement comparing the figures provided under paragraph (b) with –

(i)                  for each type of financial target or limit, the actual results for the 2 previous financial years; and

(ii)                an estimate of the results for the current financial year; and

(d)    an explanation as to how those financial targets and limits compare with any international benchmarks that are relevant to the Fiji Islands economy.

 

(Financial Management Act 2004 s(12))