{"id":250333,"date":"2025-09-18T09:08:35","date_gmt":"2025-09-18T13:08:35","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=250333"},"modified":"2025-09-18T09:08:36","modified_gmt":"2025-09-18T13:08:36","slug":"fiscal-oversight-committee-reports-economic-growth-lower-inflation-more-jobs","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/fiscal-oversight-committee-reports-economic-growth-lower-inflation-more-jobs\/","title":{"rendered":"Fiscal Oversight Committee Reports Economic Growth, Lower Inflation, More Jobs"},"content":{"rendered":"
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CABINET NOTES:<\/strong> \u201cThe Future is Bright for Antigua and Barbuda\u201d was the good news received by the Cabinet chaired by Prime Minister Gaston Browne during a presentation of a report from the Fiscal Resilience Oversight Committee (FROC) Chaired by Attorney and Former Minister for Finance in the Opposition United Progressive Party Administration of 2004, Dr. L. Errol Cort.<\/p>

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    The Fiscal Resilience Oversight Committee (FROC) provides independent monitoring and oversight of the Government\u2019s compliance with fiscal rules and targets set out in the Fiscal Resilience guidelines approved in 2021.<\/p>\n\n\n\n

                The main functions of the FROC are:<\/p>

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    1. Review fiscal performance: Assess government revenues, expenditures, deficits, debt levels, and adherence to fiscal resilience principles.<\/li>\n\n\n\n
    2. Report to Parliament: Submit periodic reports on whether government finances are being managed in line with the law.<\/li>\n\n\n\n
    3. Promote transparency: Ensure fiscal policy decisions are clear, accountable, and sustainable.<\/li>\n\n\n\n
    4. Advise on corrective action: Highlight risks or breaches and recommend adjustments.<\/li>\n<\/ol>\n\n\n\n

      A copy of the Report was presented to Prime Minister Browne, with the Cabinet agreeing to have it tabled during the next sitting of Parliament accompanied by a Resolution for debate.<\/p>

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      A number of Positive Results & Turnaround were reported by the Deputy Chair of the FROC, Professor Justin Robinson of the University of the West Indies Five Islands Campus:<\/p>\n\n\n\n