Revised Laws of Saint Lucia (2022)

PART 1
ADMINISTRATION

5.   Functions of the Minister

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    (1)   The Minister is responsible for public finance management.

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    (2)   Without limiting the generality of subsection (1), the Minister shall —

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      (a)     formulate, develop and implement macro-economic and fiscal policy consistent with the economic growth and stability policy of the Government;

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      (b)     commit to a sustainable fiscal situation, including a balanced budget and the level of public debt over the financial year and the 2 subsequent financial years and fiscal targets;

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      (c)     manage fiscal risk;

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      (d)     promote efficient and effective revenue and expenditure management;

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      (e)     consider the impact of fiscal policy on current and future generations;

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      (f)     promote transparency and accountability in fiscal policy and fiscal operations;

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      (g)     advise Cabinet on the allocation of public assets;

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      (h)     present the Estimates to the House of Assembly;

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      (i)     supervise and monitor the implementation of the Appropriation Act and the fiscal policy objectives in an efficient, effective, transparent and accountable manner;

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      (j)     provide a mid-year report of the fiscal operations and implementation of the Appropriation Act to the House of Assembly;

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      (k)     manage public assets and contingent liabilities under this Act;

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      (l)     account for Government finances through Public Accounts and laying the report of the Director of Audit before the House of Assembly within the prescribed time period;

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      (m)     coordinate international financial relations;

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      (n)     supervise and guide the financial operation of a Government Agency;

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      (o)     ensure implementation of this Act; and

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      (p)     perform any other function conferred on him or her by any other law.