Section 97, The Public Financial Management Act, 2016

(1) Subject to this Act and the Local Government Act, 2004, a local council shall manage its revenues, expenditures, assets, and liabilities in a manner to achieve and maintain an appropriate balance between revenues and expenditures. (2) The Minister, in consultation with the Minister responsible for local government, may by statutory instrument establish the ceilings and other rules that every local council shall comply with in respect of fiscal deficit or stock of outstanding debt or both. (3) For the purpose of monitoring the compliance with ceilings and rules established under subsection (2), the Minister, in consultation with the Minister responsible for the local government, may require any local council to submit any information to the Minister and the Minister responsible for local government.