Fiscal Responsibility and Budget Management Act, 2003
Act Number 39
Enactment Date26/08/2003
Act Year 2003
Short Title Fiscal Responsibility and Budget Management Act, 2003
Long Title 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 achieving sufficient revenue surplus and removing fiscal impediments in the effective conduct of monetary policy and prudential debt management consistent with fiscal sustainability through limits on the Central Government borrowings, debt and deficits, greater transparency in fiscal operations of the Central Government and conducting fiscal policy in a medium-term framework and for matters connected therewith or incidental thereto.
Ministry Ministry of Finance
Enforcement Date 05/07/2004
Department Department of Economic Affairs
Types of Main Enactment Original
Total Sections 13
Notification Date 02/07/2004
Notification No G.S.R. 395(E)
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