Amendment of section 3.

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..... ework Statement" shall be substituted; (ii) after clause (c), the following clause shall be inserted, namely: "(d) the Medium-term Expenditure Framework Statement"; (b) after sub-section (1), the following sub-sections shall be inserted, namely: "(1A) The statements referred to in clauses (a) to (c) of su .....

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..... (b) In particular and without prejudice to the provisions contained in clause (a), the Mediumterm Expenditure Framework Statement shall, inter alia, contain (i) the expenditure commitment of major policy changes involving new service, new instruments of service, new schemes and programmes; (ii) the explicit contingen .....

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..... d Act relating to fiscal policy statements to be laid before Parliament. It is proposed to amend sub-section (1) of the said section so as to insert a new clause (d) relating to the Medium-term Expenditure Framework Statement which is also a statement of fiscal policy in addition to the statements of the fiscal policy specified therein. It further seeks to insert new sub-sections (1A) and (1B) in .....

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..... penditure indicators with specification of underlying assumptions and risk involved; (b) the Medium-term Expenditure Framework Statement shall, inter alia, contain the expenditure commitment of major policy changes involving new service, new instruments of service, new schemes and programmes; the explicit contingent liabilities, which are in the form of stipulated annuity payments over a multi- .....

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