Budget Responsibility and National Audit Act

The Budget Responsibility and National Audit Act is legislation that establishes rules for managing the government's finances responsibly. It requires the government to set clear financial plans, regularly report on its financial position, and adhere to rules that prevent overspending. The Act also creates the National Audit Office, an independent body responsible for examining government spending to ensure taxpayer money is used effectively and transparently. Overall, it aims to promote fiscal discipline, accountability, and transparency in government budgeting and expenditure.