Section 25, The Public Financial Management Act, 2016

(1) The Minister shall identify and analyze risks whichmay have a material effect on the fiscal outlook (hereinafter called “fiscal risks”) through preparation of a fiscal risk statement to be submitted as part of the Fiscal Strategy Statement under section 23. (2) A fiscal risk statement shall include – (a) results of sensitivity analysis based on different assumptions in respect of main macroeconomic and fiscal indicators; (b) information and analysis of existing exposures of entities included in the central government to contingent liabilities, including those arising from guarantees, losses on pending court cases, and any other sources, and to loans and advances; (c) any other information as may be deemed (3) For the purpose of this section, the Minister may require any necessary information from any government entity, public enterprise, the Bank of Sierra Leone, and any other persons receiving guarantees, loans, or advances from the State. PART IV – PREPARATION AND APPROVAL OF BUDGET Appropriations and budgetary principles