2018/19 Budget Communication 2018_2019 BUDGET COMMUNICATION | Page 18

As an additional enforcement mechanism, the law
provides that, whenever the Government does not comply
with the requirements of the fiscal objectives, it shall be
required to prepare and implement an adjustment plan. Such
a plan will need to be tabled in Parliament and forwarded to
the Fiscal Responsibility Council, as well as published on an
official website of the Government. The plan will clearly
specify the measures that will be taken to return to
compliance with the requirements for the legally mandated
fiscal objectives.
The stringent fiscal requirements of this legislation
are groundbreaking in the affairs of our nation but are
necessary to ensure that no Government, including our own,
ever repeats the disastrous fiscal experience of the previous
administration.
15