Vidhi Codex

CHHA?nSGARH ACT

The Chhattisgarh Fiscal Responsibility and Budget Management Act, 2005

Finance200512 sections

This legislation applies to the entire State of Chhattisgarh and governs the administration of state finances. Its primary purpose is to enforce fiscal discipline by mandating a legal framework for reducing the state's revenue and fiscal deficits. To ensure accountability, the government must lay down specific targets for fiscal indicators and present fiscal policy statements, including a Medium Term Strategy, to the state legislature. These measures aim to stabilize debt levels and promote sustainable economic planning for the state.

Start reading →Read full ActSections
  1. 1. Short Title, extent and commencement
  2. 2. It shall mme into force from the date of its publication in he official Gazclte.
  3. 3. S [ate budget.
  4. 4. Fiscal policy statements to be laid before the Legislature
  5. 5. Measures for Fiscal Transparency
  6. 6. Measures to enforce compliance
  7. 7. Repeal
  8. 8. Powers to make Rules
  9. 9. Protection of action taken in good faith
  10. 10. Bar of jurisdiction of Civil Courts
  11. 11. No Civil Court shall entertain any suit or proceeding against any decision made or order passed by any officer or authority under this Act or any rule made thereunder.
  12. 12. Power to remove difficulties

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