Vidhi Codex

Bare Act

The Haryana Fiscal Responsibility and Budget Management Act, 2005

Finance200515 sections

The Haryana Fiscal Responsibility and Budget Management Act, 2005 regulates the financial management, spending, and debt of the State Government of Haryana. It applies directly to the state government, public sector undertakings, and government-aided institutions. The law requires the government to maintain fiscal discipline by reducing revenue and fiscal deficits, setting clear debt targets, and ensuring transparency through regular reporting to the state legislature. By promoting long-term economic stability, predictable policies, and accountable public spending, the Act ensures that government finances are managed responsibly without placing an undue financial burden on future generations.

Start reading →Read full ActSections
  1. 1. Short title and commencement.
  2. 2. Definitions.
  3. 3. Fiscal management objectives.
  4. 4. Fiscal management principles.
  5. 5. Fiscal policy statements to be laid before the State Legislature.
  6. 6. Macroeconomic framework statement.
  7. 7. Medium term fiscal policy statement.
  8. 8. Fiscal policy strategy statement.
  9. 9. Fiscal targets.
  10. 10. Measures for fiscal transparency.
  11. 11. Measure to enforce compliance.
  12. 12. Protection of action taken in good faith.
  13. 13. Application of other laws not barred.
  14. 14. Power to remove difficulties.
  15. 15. Power to make rules.

PDF: pending for this language.