Bare Act

The Arunachal Pradesh Fiscal Responsibility and Budeget management ( Amendment) Act, 2022

The Arunachal Pradesh Fiscal Responsibility and Budget Management (Amendment) Act, 2022 updates the state's financial governance by setting strict borrowing limits for the Government of Arunachal Pradesh over five financial years, spanning from 2021-22 through 2025-26. Under this law, the state government's net annual borrowing is capped at four percent of the Gross State Domestic Product for 2021-22, three and a half percent for 2022-23, and three percent for the remaining fiscal years up to 2025-26. Applicable directly to state financial administrators, this law matters because it ensures fiscal discipline, prevents unsustainable public debt, and promotes stable economic planning.

PDF: pending for this language.