Vidhi Codex

Bare Act

The Arunachal Pradesh Fiscal Responsibility and Budget Management (Amendment) Act, 2024

Finance20243 sections

This Act regulates the financial management of the state government of Arunachal Pradesh. It applies directly to the state's administration, setting strict targets to manage public debt, limit fiscal and revenue deficits, and control outstanding liabilities. It matters because it allows the state to carry over unused borrowing limits to subsequent years, providing crucial financial flexibility. Additionally, it enables the government to exceed deficit limits for emergencies, such as natural disasters or essential infrastructure development. Ultimately, this law promotes sustainable fiscal discipline while ensuring the state can fund vital public projects and effectively manage its annual budget during unforeseen crises.

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  1. 0. Preamble
  2. 1. Short title and commencement :
  3. 2. Amendment of sub-section (3) of Section 4 : In the Arunachal Pradesh Fiscal Responsibility and

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