section 2
Amendment of sub-section (3) of Section 4 : In the Arunachal Pradesh Fiscal Responsibility and
The Arunachal Pradesh Fiscal Responsibility and Budget Management (Amendment) Act, 2024Finance20243 sections
Statutory text
- (i) achieve the revenue deficit targets during award period of Fifteenth Finance
*negative values indicate surplus and positive values indicate deficit.
- (i) achieve the fiscal deficit targets during award period of Fifteenth Finance Commission
- (iii) restrict the total outstanding liabilities during award period of Fifteenth Finance
reduce it
2 The Arunachal Pradesh Extraordinary Gazette, February 23, 2024
- (iv) ensure to bring out annual statements giving prospects for the State economy and related fiscal strategy;
- (v) ensure to bring out special statement alongwith the budget giving in detail number
of employees in Government, Public Sector and aided institution and related salary;
- (vi) Maintain to zero outstanding Government guarantee to the estimated receipt in the
Consolidated Fund of State Finance during award period of Fifteenth Finance
Commission (FFC);
- (vii) Provided that revenue deficit and fiscal deficit may exceed the limits specified under this Section:
- (a) due toground or grounds of unforeseen demands on the finance of the State
State Government;
- (b) due to development and other unavoidable expenditure;
- (c) upto the limits indicated by the Central Government from time to time;.
- (d) provided also that the State Government shall avail 50 years interest free loan
Onit Panyang, IAS Commissioner to the Government of Arunachal Pradesh, Itanagar. Published -and Printed by Directorate of Printing & Stationery Naharlagun —163/2024-DoP-250+Secy.-(LA)- 50+Commissioner (Law)-50+Commissioner(Finance)-50-2-2024.
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