Transcription of FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT ACT, …
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FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT ACT, …
1 FISCAL RESPONSIBILITY ANDBUDGET MANAGEMENT ACT, 2003(Act No. 39 of 2003)Government of IndiaMinistry of FinanceDepartment of Economic Affairs(26th August, 2003)THE FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT ACT, 2003 ACT No. 39 OF 2003[26th August, 2003]An Act to provide for the RESPONSIBILITY of the Central Government to ensure inter-generational equity in FISCAL MANAGEMENT and long-term macro-economic stability by[omitted]1 removing FISCAL impediments in the effective conduct of monetary policy andprudential debt MANAGEMENT consistent with FISCAL sustainability through limits on theCentral Government borrowings, debt and deficits, greater transparency in FISCAL operationsof the Central Government and conducting FISCAL policy in a medium-term framework and formatters connected therewith or incidental it enacted by Parliament in the Fifty-fourth Year of the Republic of India as follows: title, extent and commencement.
THE FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT ACT, 2003 ACT No. 39 OF 2003 [26th August, 2003] An Act to provide for the responsibility of the Central Government to ensure inter-generational equity in fiscal management and long-term macro-economic stability by [omitted]1 removing fiscal impediments in the effective conduct of monetary policy and
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