section 6
Measures for Fiscal Transparency.
The Goa Fiscal Responsibility and Budget Management Act, 2006Finance200613 sections
Statutory text
- (1) The Government shall take suitable measures to ensure greater transparency in its fiscal operations, in public interest, in the preparation of the Budget: Provided that the Government shall have the power to reserve any such information which would adversely affect the interest of the State Exchequer.
- (2) In particular, and without prejudice to the generality of the foregoing provision, the Government shall, at the time of presentation of the Budget, disclose in a statement in the form as may be prescribed,— – 5 –
- (a) the significant changes in the accounting standards, policies and practices affecting or likely to affect the computation of prescribed fiscal indicators;
- (b) as far as practicable and consistent with protection of public interest, the contingent liabilities created by way of guarantees. 2[(c) the key fiscal indicators including those mentioned in section 5].
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