FRBSLFederal Reserve Bank of St Louis
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The FRBSL gives the IAS jurisdiction over the public sector, but not over semi-governmental organisations (SGOs).
The umbrella legislation, known as the Fiscal Responsibility and Budget System Law (FRBSL), was meant to be adopted by the end of last year, according to the memorandum (MoU) agreed with the troika of international lenders.
The FRBSL will be applicable to the entire government sector and will include, among others, macro-fiscal policy-making, and budget formulation, approval and execution.