2018/19 Budget Communication 2018_2019 BUDGET COMMUNICATION | Page 5

• First, ends the past practice of artificially under-
budgeting for known commitments and properly
accounts for Government expenditure such that it truly
reflects the costs of current commitments and thereby
prevents the buildup of significant expenditure arrears;
• Second, fully provides for the clearing up of the
mountain of arrears and unbudgeted commitments left
behind by previous governments that currently total
some $360 million;
• Third, provides through proposed Fiscal Responsibility
legislation,
a
legally-binding
framework
for
responsible fiscal management as well as effective
parliamentary and public scrutiny of the fiscal
performance of the Government; and
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