Reps mull amendment to Fiscal Responsibility Act to block revenue leakages

Reps mull amendment to Fiscal Responsibility Act to block revenue leakages

In its Revised Legislative Agenda, the House of Representatives has indicated plans to initiate an amendment of the 2007 Fiscal Responsibility Act (FRA) to require revenue generating agencies deposit at least 80 percent of their revenues into the Consolidated Revenue Funds (CRF) rather than their operating surplus, which they arbitrarily determine as of today.

Details soon

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