The International Monetary Fund (IMF) has called for the independence of the government budget in the same manner the Central Bank was freed of control.
The new staff-level agreement signed between the two sides has laid down a condition that a new act should be adopted for the above purpose.
This particular condition calls for the raising of tariffs to earn more tax revenue in order to maintain a primary surplus in the budget.
The IMF’s aim is said to have a strict financial control of the island.
