Type of Intervention: Executive Order
Sectors Involved: Central Bank, Finance/Economy
Intervention Categories: Finance policy and financial aid; Stimulus packages and financial support
Level of Jurisdiction: Nationsl
Lead People/Agency: President Faure, Ministry of Finance, Trade and Investment, Attorney General
Overview: New budget for 2020 approved by President Faure on 11th April. The amended Appropriation Act was approved by the National Assembly on 9th April, 2020.
The amount approved is some SR1.2 billion higher than the budget approved earlier for 2020, and takes into consideration revised priorities necessitated by Government’s response to combat the COVID-19 pandemic and its adverse impact on the national economy.
Full details here: http://www.statehouse.gov.sc/news/4801/president-faure-assents-to-the-revised-2020-budget
Type of Justification: Advice of INTERNAL government advisory committee or group
Source of Evidence or Justification: National – government
Evidence/Justification: 11th April 2020, President Faure Assents to the Revised 2020 Budget. Government has assented to the appropriation (Amendment) revised 2020 budget of SCR 10,447,151,547 (Ten million, four hundred and forty seven million, one hundred and fifty one hundred and forty – seven rupees.