Contents of Fiscal Strategy Statement

The fiscal strategy outlined in the Fiscal Strategy Statement shall be consistent with the broad principles of fiscal management set out in Part 1. It shall explain how the Government’s policies will– (a) maintain government debt at prudent levels; (b) ensure that policy decisions have due regard to the implications for future generations; (c) support adequate levels of national savings; (d) promote stable and predictable levels of taxation and spending; Finance and Audit (Reform) 167 (e) moderate cyclical fluctuations in economic activity, as appropriate; (f) maintain the integrity of the tax system by minimising special incentives, concessions and exemptions; (g) pursue expenditure policies that would provide impetus for economic growth, poverty reduction, and improvement in human welfare; (h) ensure that physical assets of the Government arc properly maintained; (i) manage expenditure policy consistent with revenue generation; and (j) ensure progress towards the principles set out in paragraphs (c) and (d) of regulation 3(1) above.