(1) In section 27B(1)(a) of the Principal Act, for "budget sector" substitute "general government sector".
(2) For section 27B(3) of the Principal Act substitute —
"(3) A pre-election budget update must be prepared on a basis consistent with—
(a) the current financial policy objectives and strategies statement; and
(b) the most recent estimated financial statements or budget update, as applicable.".