Fiscal Responsibility Act 2012


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.