The Bihar Fiscal Responsibility and Budget Management (Amendment) ACT, 2020

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1. (1) This Act may be called The Bihar Fiscal Responsibility and Budget Management (Amendment) Act, 2020.
2. (2) It shall extend to the whole of the State of Bihar.
3. (3) It shall come into force on such date as the State Government may, by notification in the official Gazette, appoint in this behalf.

The following new sub-section 2(b)(3) after sub-section 2(b)(2) of section 9 of the Bihar Fiscal Responsibility and Budget Management Act, 2006 (Bihar Act 5, 2006) shall be added :"(3) The fiscal deficit targets for the year 2019-20 shall be increased by an amount of Rs. 5,688.00 (Five thousand Six hundred and Eighty Eight) crore over and above the limits prescribed in sub-section 2(b)(1) of section 9. The borrowing limit shall accordingly be increased."

By order of the Governor of Bihar, Brajesh Kumar Malviya, Joint Secretary to Government.

———अधी क, स चवालय मु णालय, बहार, पटना }kरा का शत एवं मु त। बहार गजट (असाधारण) 201-571+400-डी0ट 0पी0। Website: http://egazette.bih.nic.in