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<p>Overseas territory constitutions and laws set clear responsibilities for public
financial matters in each territory. Rules on public procurement in the Overseas Territories
(OTs) are also set out in local legislation. In addition, the British Government and
a number of OTs have agreed Fiscal Frameworks that establish prudent limits and robust
definitions of public debt. They also establish key principles and procedures for
public procurement. Fiscal Frameworks are in place with Anguilla, the Virgin Islands,
the Cayman Islands, the Falkland Islands and the Turks and Caicos Islands.</p>
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