Preamble

fcgkj xTkV ¼vlk/kkj.k½] 5 vizhy] 2006

[Bihar Act, 5, 2006] The Bihar Fiscal Responsibility and Budget Management Act, 2006 An Act To provide for the responsibility of the State Government to ensure prudence in fiscal management and fiscal stability, and to enhance the scope for improving social and physical infrastructure and human development by progressive elimination of revenue deficit, reduction in fiscal deficit prudent debt management consistent with fiscal sustainability, greater transparency in fiscal operations of the Government and conduct of fiscal policy in a medium term framework and for matters connected therewith or incidental thereto. Preamble – Be it enacted by the Legislature of the state of Bihar in the Fifty seventh year of the republic of India as follows:-