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of <h1>Fiscal Responsibility Act Amended: Medium-term Expenditure Framework Added, Three-year Expenditure Targets Required, Policy Changes Highlighted.</h1> Section 3 of the Fiscal Responsibility and Budget Management Act, 2003, is amended to incorporate the Medium-term Expenditure Framework Statement. The amendments specify that demands for grants exclude this statement, which is to be detailed with underlying assumptions and presented to Parliament following the policy statements. A new sub-section mandates a three-year rolling target for expenditure indicators, highlighting major policy changes, contingent liabilities, and capital asset grants. The Fiscal Policy Strategy Statement's scope is expanded to include this new framework statement.
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