section 4
Fiscal Management Principles.
The Goa Fiscal Responsibility and Budget Management Act, 2006Finance200613 sections
Statutory text
- (1) The Government shall take appropriate measures to eliminate the revenue deficit and contain fiscal deficit and outstanding debt to sustainable levels.
- (2) The Government shall be guided by the following fiscal management principles, namely: —
- (a) maintain State Government debt at prudent and sustainable level;
- (b) manage guarantees and other contingent liabilities prudently, with particular reference to quality and level of such liabilities;
- (c) ensure that borrowings are used for productive purposes and accumulation of capital assets, and are not applied to finance current expenditure;
- (d) manage expenditure consistent with the level of revenue generated.
Study data processing for this section.
PDF: pending for this language.