Bill Type
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
Congress Author
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.

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Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.