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Functions And Constitution Of FRC

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COMPLETE HONESTY AND TRANSPARENCY

What is fiscal responsibility?

Fiscal responsibility is a term that speaks to government spending and taxation. In the simplest form, fiscal responsibility is about using taxpayer money wisely, without overspending. The idea is that government should not be able to jeopardize the fiscal health and the economic security of the country by spending more money than it has, and borrowing more money that it can afford.
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fiscal responsibility Council

The Fiscal Responsibility Act mandates the establishment of a Fiscal Responsibility Council, which is an independent, civil society body, comprised of five members with legal, business, economic, accounting, and financial backgrounds, respectively. These members are nominated by the Bahamas Bar Association, the Bahamas Chamber of Commerce and Employers Confederation, the University of The Bahamas, the Bahamas Institute of Chartered Accountants, and the Chartered Financial Analyst Society The Bahamas.

Meet The Council Members

Fiscal Strategy Report

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Annual Budget

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Mid-year Review

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COMPLETE HONESTY AND TRANSPARENCY

What is fiscal responsibility?

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The Council shall have responsibility to assess compliance with the general principles, fiscal responsibility principles and fiscal objectives, and to advise on fiscal and budgetary matters of the Bahamian Government.

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The Act
Reports

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Email
info@frcbahamas.org
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