Examination of the Components of the Fiscal Policy Paper which was laid before the Houses of Parliament on February 11, 2020- FY2020/21
The Fiscal Policy Paper (FPP) was examined in accordance with Section 48B (6) of the FAA Act and therefore, the merits of the Finance Minister’s Fiscal Management Strategy were not evaluated. In conducting the assessment, the Auditor General adhered to the standards issued by the International Association of Supreme Audit Institutions and International Standard on Assurance Engagement (ISAE) 3000 – Assurance Engagements Other than Audits or Reviews of Historical Information issued by the International Auditing and Assurance Standards Board.
The components of the FPP FY2020/21 conformed with the requirements of the Third Schedule of the FAA Act and included the minimum content under the Fiscal Responsibility Statement, Macroeconomic Framework and Fiscal Management Strategy.