Fiscal Management Objectives.

The state Government Shall:

1. (a) take appropriate measure to eliminate the revenue deficit by 2008-09 and thereafter build up adequate revenue surplus and contain the fiscal deficit at three percent of Gross State Domestic Product from 2008-09 onwards, and utilize such surplus for discharging the liabilities in excess of the assets or for funding capital expenditure;
2. (b) pursue policies to raise non-tax revenue with due regard to cost recovery and equity; and
3. (c) lay down norms for prioritisation of capital expenditure, and pursue expenditure

policies that would provide impetus for economic growth, poverty reduction and improvement in human welfare.