Draft 2016 Budget Statement
Launch date: 03/11/2015
Review status: Report published
What is the review about?
A review of the Draft 2016 Budget Statement
Terms of reference
1. To consider the proposals of the Minister for Treasury and Resources in the Draft 2016 Budget Statement in respect of:
a) Income Tax;
b) Goods and Services Tax (GST);
c) Impôts;
d) Stamp Duty; and
e) Other tax proposals;
2. To consider the Capital Programme for 2016 as presented in the Draft 2016 Budget Statement;
3. To consider any transfers which the Minister may propose in the Draft 2016 Budget Statement between the Consolidated Fund and other Funds and reserves;
4. To consider the economic implications of the Minister’s proposals in the Draft 2016 Budget Statement;
5. To consider the impact of the updated financial forecasts and the status of Long Term Revenue Planning;
6. Consider how the likely outturn for 2015 including carry forwards is going to impact the 2016 base budget position including the position on reserves and funds;
7. To consider progress being achieved in the identification of savings and how they will impact 2016.
