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July 08, 2010
The Advisory Group is working in coordination with a second important undertaking approved by Cabinet, namely the Revenue and Tax Reform and Modernization Commission. As such the fiscal reform ares outlined in this Framework are limited to expenditure reforms. Ultimately, it is recommended that the work of the two bodies be integrated through Cabinet actions as part of a truly "Comprehensive Adjustment Program," to create both an improved fiscal position of the Government and a more supportive environment for economic development over the long-term.
While the timeframe to come up with these recommendations was short, the members of the Advisory Group have made every effort to honestly and objectively analyze the data and information received from the Ministry of Finance and other government-sourced documents. Similarly, the Advisory Group is operating under the assumption that the RMI will commit itself to its own internally-designed CAP to the full extent necessary to restore fiscal flexibility and to enable the Government to respond to emerging needs without being forced to operate in a persistent state of crisis management and cash-flow shortages.
--CAP Advisory Group Final Report, Introduction--
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