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He was the Minister of State for Financial Services from January 2001 to September 2002, when he stepped down due to a disagreement with the minister in charge of economic and fiscal policy, Heizō Takenaka.
Ameresekere once challenged the Sri Lankan Government's Appropriation Bill in the Supreme Court of Sri Lanka and raised several cogent issues on the Government’s Fiscal transparency and accountability to the public.
Fiscal conservatism, a term used in North America to describe a fiscal policy that advocates avoiding deficit spending
Hereford's final years were marked by the opposition he and Roger Bigod, Earl of Norfolk, mounted against the military and fiscal policy of Edward I.