Maldives: Technical Assistance Report-Revising the Fiscal Responsibility Act
Maldives: Technical Assistance Report-Revising the Fiscal Responsibility Act
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Author(s): Monetary, International
ISBN No.: 9781616359713
Pages: 99
Year: 202201
Format: US-Tall Rack Paperback (Mass Market)
Price: $ 27.60
Dispatch delay: Dispatched between 7 to 15 days
Status: Available

The Fiscal Responsibility Act (FRA) came into effect in 2013 to reduce rising public debt and achieve fiscal stability. Maldives has experienced rapid public debt accumulation over the past decade. The FRA establishes objectives for maintaining debt at a sustainable level and reducing the overall fiscal balance. The Act also sets minimum standards for fiscal transparency and accountability and requires the Government to prepare and publish medium-term fiscal and debt strategy reports.


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