Fiscal Responsibility Act 2012


The Fiscal Rules

Duty of Government to endeavour to comply with fiscal rules.

2.— (1) The Government shall endeavour to secure that—

(a) the requirement imposed by section 3 (the budgetary rule), and

(b) the requirement imposed by section 4 (the debt rule),

which derive from Articles 3 and 4 respectively of the 2012 Treaty, are complied with.

(2) The official forecasts shall set out the data required to assess whether the requirement specified in subsection (1)(a) is complied with.