Part 3 Principles of sound fiscal management

3.   The principles of sound fiscal management

[Part 3 of Schedule 1 Amended by No. 37 of 2015, s. 4, Applied:13 Oct 2015] The principles of sound fiscal management are to –

(a) manage the State's finances responsibly for the wellbeing of all Tasmanians; and

(b) provide for the future for the next generation of Tasmanians; and

(c) prepare for unexpected events by building a robust financial position; and

(d) improve services to Tasmanians by building a strong economy and efficiently allocating public resources to gain the maximum community benefit; and

(e) formulate spending and taxation policies that ensure a reasonable degree of equity, stability and predictability; and

(f) ensure transparency and accountability in developing, implementing and reporting on fiscal objectives.