• Latest
ird

Fiscal Responsibility Oversight Committee officially Constituted

5 years ago
Party boat crew members detained following assault of sportsman Anderson Peters

Harbour Master arrested as part of civil proceedings

2 hours ago
Tanteen Road Closes At Noon

Road Closure: Carenage Public Road

2 hours ago
Tropical Weather Outlook: Friday, 12 August 2022 (2 pm)

Tropical Weather Outlook: Friday, 12 August 2022 (2 pm)

4 hours ago
RGPF

Hermitage man fined for tampering with clamp

4 hours ago
CEO at MNIB resigns 

CEO at MNIB resigns 

6 hours ago
Statement by Minister Simon Stiell at Ministerial Roundtable on Climate

Simon Stiell set to be appointed UN climate chief

8 hours ago
Ministry of Culture to finance Groovy/Soca finalists’ stage presentations

Minister for Culture congratulates carnival winners

8 hours ago
MNIB postharvest handling training

MNIB announces CEO’s resignation

8 hours ago
Harbour Master statement on the incident involving Anderson Peters

Harbour Master statement on the incident involving Anderson Peters

1 day ago
Kirani, Anderson and Victor shine at World Champs 2022

Significant number of people involved in investigation

1 day ago
No Holiday for Carriacou Carnival

Statement on altercation involving Anderson Peters and others

1 day ago
Tropical Weather Outlook: Thursday, 11 August 2022 (2 pm)

Tropical Weather Outlook: Thursday, 11 August 2022 (2 pm)

1 day ago
NOW Grenada
  • Front Page
  • Categories
    • General News
      • All
      • Agriculture & Fisheries
      • Arts & Culture
      • Business
      • Education
      • Environment
      • Health
      • History
      • Lifestyle
      • Law
      • Politics
      • Technology
      • Travel & Tourism
      • Weather
      • Youth
    • Sports
      • All
      • Athletics
      • Cricket
      • Football
      • Watersports
    • Community
      • All
      • Tribute
    • Crime
    • Features
      • All
      • Today in History
    • Opinion/Commentary
    • Press Releases
      • All
      • Advertisements
      • Notices
  • Video
  • Notices & Vacancies
  • Advertise
  • Contact Us
No Result
View All Result
  • Front Page
  • Categories
    • General News
      • All
      • Agriculture & Fisheries
      • Arts & Culture
      • Business
      • Education
      • Environment
      • Health
      • History
      • Lifestyle
      • Law
      • Politics
      • Technology
      • Travel & Tourism
      • Weather
      • Youth
    • Sports
      • All
      • Athletics
      • Cricket
      • Football
      • Watersports
    • Community
      • All
      • Tribute
    • Crime
    • Features
      • All
      • Today in History
    • Opinion/Commentary
    • Press Releases
      • All
      • Advertisements
      • Notices
  • Video
  • Notices & Vacancies
  • Advertise
  • Contact Us
No Result
View All Result
NOW Grenada
No Result
View All Result

Fiscal Responsibility Oversight Committee officially Constituted

This story was posted 5 years ago
23 August 2017
in Business, PRESS RELEASE
2 min. read
ird
Ministry of Finance, Financial Complex, Saint George’s
Share

Grenada’s Fiscal Responsibility Oversight Committee (FROC) has been officially constituted: the 1st of its kind in Grenada.

On 23 August 2017, the Ministry of Finance and Energy conducted an orientation seminar for members of the FROC, with the objective of preparing them to effectively execute the legislated responsibilities of the committee.

The seminar covered several topics including: the main provisions of the Fiscal Responsibility Act; the legal mandate of the FROC; roles and responsibilities of the committee; reporting requirements; and other areas of practical guidance to support the operational independence of the FROC. An orientation manual was also provided to the committee members.

As required by the Fiscal Responsibility Act, the 1st report of the FROC is due no later than 3 months after the committee has been duly constituted.

The FROC is an important institutional pillar underpinning Grenada’s rules-based fiscal framework.  It is an independent oversight body with the following legislated mandate:

  1. monitor compliance with the fiscal rules and targets established under the Fiscal Responsibility Act No. 29 2015;
  2. lay before the House of Representatives for consideration, an annual report on the status of implementation of the Act; and
  3. upon request by the House of Representatives, lay before the House of Representatives an assessment report on the degree to which economic forecasts set out in the annual budget or supplementary budget, and supporting documents, comply with the provisions of the Act.

The committee is comprised of a panel of 4 local experts and 1 regional expert, skilled in the following areas as stipulated in the Act: accounting; business management; public administration; law; and economics, namely: Richard Duncan (Chairman); Angus Smith; Adrian Hayes; and Sabina Gibbs. Zanna Barnard (a senior economist of the Eastern Caribbean Central Bank) is the regional expert.

Ministry of Finance

NOW Grenada is not responsible for the opinions, statements or media content presented by contributors. In case of abuse, click here to report.
Tags: fiscal responsibilityministry of finance and energyoversight committee
Next Post

‘The House on Coco Road’ to Screen at Camerhogne Park

Comment on post Cancel reply

Please enter your valid email address.
Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

© NOW Grenada. All Rights Reserved. Published by Aqua Design Inc. | Terms of Use | Privacy Policy

No Result
View All Result
  • Front Page
  • Categories
    • General News
      • All
      • Agriculture & Fisheries
      • Arts & Culture
      • Business
      • Education
      • Environment
      • Health
      • History
      • Lifestyle
      • Law
      • Politics
      • Technology
      • Travel & Tourism
      • Weather
      • Youth
    • Sports
      • All
      • Athletics
      • Cricket
      • Football
      • Watersports
    • Community
      • All
      • Tribute
    • Crime
    • Features
      • All
      • Today in History
    • Opinion/Commentary
    • Press Releases
      • All
      • Advertisements
      • Notices
  • Video
  • Notices & Vacancies
  • Advertise
  • Contact Us

Copyright NOW Grenada

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in settings. Visit our Privacy Policy | Terms of Use.

Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Visit our Privacy Policy | Terms of Use.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.