Vidhi Codex

Bare Act

The Chhattisgarh Rajkoshiya Uttardayitwa aur Budget prabandh Adhiniyam, 2005

Finance202012 sections

The Chhattisgarh Fiscal Responsibility and Budget Management (Amendment) Act, 2020 regulates financial governance and fiscal discipline within the State Government of Chhattisgarh. It sets specific targets for eliminating revenue deficits, capping fiscal deficits at three percent of Gross State Domestic Product, and limiting state guarantees and liabilities. The legislation mandates the government to present comprehensive fiscal policy statements to the state legislature, ensure financial transparency, and undergo quarterly budget reviews by the Finance Minister. By binding public expenditure to statutory limits while allowing exceptions during emergencies, the Act promotes long-term fiscal sustainability and responsible public financial management.

Start reading →Read full ActSections
  1. 1. Short title, extent and commencement
  2. 2. Amendment of section 3
  3. 3. Fiscal management principles.
  4. 4. Fiscal policy statements to be lnid before the legislature.
  5. 5. Measures for Fiscal Transparency.
  6. 6. Measures to Enforce Compliance.
  7. 7. Power to Make Rules.
  8. 8. Rules to be laid before legislature.
  9. 9. Protection of action taken in good faith.
  10. 10. Bar of Jurisdiction of Civil Courts.
  11. 11. Act not in derogation of any other law.
  12. 12. Power to remove difficulties.

PDF: pending for this language.