The Fiscal Responsibility Commission was established following the enactment of the Ekiti State Fiscal Responsibility law No. 4 2011. The Commission was inaugurated on 1st August 2011.The enabling Law primarily provides for the prudent management of the State resource; ensure long-term macro-economic stability, secure greater accountability and transparency in fiscal operation within a Medium Term Fiscal Policy Framework (MTEF) and the establishment of the Fiscal Responsibility Commission.