It shall mme into force from the date of its publication in he official Gazclte.

Definitions (a) "Budgetn mwm the annual fmancid statemen1 laid before he House of theSlate legislahue under Article 202 oi he Consrituuon. (b) "Current ym" means the fecial year preceding thc ensuing year; (c) "Enswing year" means h froancia1 yea for whicfi be budget is king presenred; (d) "Finankid year" means the beginning on he 1 st April and ending on 3 1st Mqh nest following; (e) "C.SI=P" mu Grnss Srak ~ornestic Wuc t a1 curreat market prices. (f) "FM deficit' means rhc excess oi aggregate disbursements (net of debt yy- meots) over revenue receiprs. recovery of loans and non-debt capilal receipts, during a fmancid year; (g) "Fid indicators" means such indicators as may bc prescribed for evaluation of he fiscal position OF the Srate govern men^; (h) "Fiscal targers" means he numerid ceilings and pmprtions to total revenue, reaeipts

1. (TRR) or GSDP for he Tical indicamrs: (i) "Prescribedw means prescribed by the rules made under lhis Acr: (j) "Previous year" means the year preccdjng the currcnl ycar; (k) "Revenue deficit" means he difference berween rcvenus expendirure and told Jcvznue rzceiprs (TRR); Explanatioa :-"Total revenue receipls'
2. (TRR) includes Srale's own rcvenuc receipts Mrh tax and non-tax) and current transfers horn Ihe Cenlre (comprising granls and Slale's share of Cenlral lax&); (l) "Toral liabilities" means the liabilities under he Consolidared ~ur;d of he Slare and the Public Account of be Stare and includes borrowings by thcpublic scclor undertakings and he Special purpose iehic~es and other equivalent inslruments including guarantees where the principal or inleresl are to be serviced our of the