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The Telangana Fiscal Responsibility and Budget Management Act, 2005.

Telangana

An Act to provide for the Responsibility of the State Government to ensure prudence in Fiscal Management and Fiscal Stability by progressive elimination of revenue deficit, reduction in fiscal deficit, prudent debt management consistent with fiscal sustainability, greater transparency in fiscal operations of the Government and conduct of fiscal policy in a medium term framework and matters connected therewith or incidental thereto.

Act number
34 of 2005
Department
Finance
Enacted
25 Oct 2005
In force from
3 Jun 2005

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

16 sections

  1. Section 1Short title and commencement.
  2. Section 2Definitions.
  3. Section 3Fiscal Management Objectives.
  4. Section 4Fiscal Management Principles.
  5. Section 5Fiscal Policy Statements to be laid before the Legislature.
  6. Section 6Macroeconomic Framework Statement.
  7. Section 7Medium Term Fiscal Policy Statement.
  8. Section 8Fiscal Policy Strategy Statement.
  9. Section 9Fiscal Targets.
  10. Section 10Measures for Fiscal Transparency.
  11. Section 11Measures to enforce compliance.
  12. Section 12Protection of action taken in good faith.
  13. Section 13Application of other laws not barred.
  14. Section 14Power to remove difficulties.
  15. Section 15Power to Make Rules.
  16. Section 16Repeal of Ordinance.