Fiscal Responsibility Act 2010

5 Interpretation

(1) The code for fiscal stability—

(a) must explain the meaning of the expressions “public sector net borrowing”, “gross domestic product”, “public sector net debt” and “gross domestic product (centred on a date)” used in section 1 for so long as is required for the purposes of this Act, and

(b) may explain the meaning of expressions used in an order under section 2.

(2) In this Act—

• “the code for fiscal stability” means the code under section 155 of the Finance Act 1998,

• “an Economic and Fiscal Strategy Report” means an Economic and Fiscal Strategy Report prepared under section 156(1)(b) of that Act,

• “the key principles” means the principles specified in section 155(2) of that Act, and

• “a Pre-Budget Report” means a Pre-Budget Report prepared under section 156(2) of that Act.