The Arunachal Pradesh Fiscal Responsibility and Budget Management (Amendment) Act, 2021

The Arunachal Pradesh Fiscal Responsibility and Budget Management (Amendment) Act, 2021

This Amending Act modifies the Fiscal Responsibility and Budget Management rules to permit the state government to borrow an additional two percent of its Gross State Domestic Product during the fiscal year 2020-21 to counter the economic fallout of the Covid-19 pandemic. Funding the state's strengthened resources requires maintaining public service standards and fulfilling specific reform obligations, such as implementing the One Nation One Ration Card system and improving business and utility environments. The total borrowing entitlement is spread across conditional and unconditional components to ensure funds are utilized effectively for pandemic relief.

PDF: pending for this language.