(1)  An accountable authority must, as far as is practicable, undertake the financial management of an Agency in a manner that is consistent with the principles of sound fiscal management.

(2)  In respect of the financial management of the State, the Government is to have regard to the principles of sound fiscal management.

(3)  The principles of sound fiscal management are the principles defined in the Charter of Budget Responsibility set out in the Charter of Budget Responsibility Act 2007 .