அதிகாரப்பூர்வ மொழிபெயர்ப்புDepartment of Government Printing-இலிருந்து, மாற்றமின்றி
(1)
The aggregate stock of outstanding Government guarantees at the end of each financial year shall not exceed 7.5 per centum of the average gross domestic product
(hereinafter referred to as the “guarantee limit”) of the relevant financial year and preceding two financial years.
(2)
The guarantee limit specified in subsection (1) shall be reviewed every five years after the date of coming into operation of this Act and be updated to ensure consistency with the debt reduction objective specified in the fiscal strategy statement.
(3)
In case of a breach of the guarantee limit specified in subsection (1), the Minister of Finance shall submit to
Parliament and publish on the official website of the Ministry of the Minister of Finance a report specifying, at a minimum-
(a)
the reason for such breach; and
(b)
actions to ensure compliance with the guarantee limit in the future.