Bill Type
Congress Name
Long Title
AN ACT INSTILLING FISCAL DISCIPLINE IN THE PUBLIC SECTOR BY SPECIFYING PRINCIPLES OF RESPONSIBLE FINANCIAL MANAGEMENT AND PROMOTING FULL TRANSPARENCY AND ACCOUNTABILITY IN GOVERNMENT REVENUE, EXPENDITURE AND BORROWING PROGRAMS
Date filed
March 8, 2005
Scope
Legislative History
| House Bill/Resolution NO. HB03890 | |
| FULL TITLE : AN ACT INSTILLING FISCAL DISCIPLINE IN THE PUBLIC SECTOR BY SPECIFYING PRINCIPLES OF RESPONSIBLE FINANCIAL MANAGEMENT AND PROMOTING FULL TRANSPARENCY AND ACCOUNTABILITY IN GOVERNMENT REVENUE, EXPENDITURE AND BORROWING PROGRAMS | |
| SHORT TITLE : Fiscal Responsibility Act | |
| ABSTRACT : "Fiscal Responsibility Act." The measure proposes the adoption of the following: a) debt cap, b) a deficit-neutral measure to address the proliferation of unfunded laws, and c) a Personal Services cap or PS cap. It highlights the importance of transparency and accountability in the government's fiscal operations. | |
| PRINCIPAL AUTHOR/S : ANDAYA, ROLANDO JR. G. | |
| DATE FILED : 2005-03-08 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Amin (049 ) | 2. Codilla (055 ) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON APPROPRIATIONS ON 2005-03-14 |
Abstract
"Fiscal Responsibility Act." The measure proposes the adoption of the following: a) debt cap, b) a deficit-neutral measure to address the proliferation of unfunded laws, and c) a Personal Services cap or PS cap. It highlights the importance of transparency and accountability in the government's fiscal operations.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.