Definitions.

In this Act, unless the context otherwise requires,— (a) “aided institution employee” means a person in the whole time employment of any primary school, secondary school, college, university or technical education institution recognised and aided by the State Government for payment of salary, etc.; (aa) “budget” means the annual financial statement laid before the House of the Legislature of the State of Haryana under article 202 of the Constitution of India; (b) “current year” means the financial year preceding the ensuing year; (c) “ensuing year” means the financial year for which the budget is being presented; (d) “financial year” means the year beginning on the 1st April and ending on 31st March next following; (e) “GSDP” means Gross State Domestic Product at current market prices; (f) “fiscal deficit” is the excess of aggregate disbursements (net of debt repayments) over revenue receipts, recovery of loans and non-debt capital receipts; (g) “fiscal indicators” are such indicators as may be prescribed for evaluation of the fiscal position of the State Government; (h) “fiscal targets” are the numerical ceilings and proportions to total revenue receipts (TRR) or GADP for the fiscal indicators; (i) “prescribed” means prescribed by rules made under this Act; (j) “previous year” means the year preceding the current year; (jj) “public sector employee” means a person in the wholetime employment of any public sector undertaking including boards and corporations of the State of Haryana and drawing salary from the concerned institute; (k) “revenue deficit” means the difference between revenue expenditure and total revenue receipts (TRR); Explanation.– Total revenue receipts (TRR) includes State’s own revenue receipts (both tax and non-tax) and current transfers from the Centre (comprising grants and State’s share of Central taxes). (l) “special purpose vehicle” means an organisation or institution set up by State Government to discharge specific assignments/duties within a specified period in respect of financial transactions or raising of loans from financial institutions or the market for specific purposes against State guarantees; (m) “State Government” means the Government of the State of Haryana; and (n) “total liabilities” means the liabilities under the Consolidated Fund of the State and the public accounts of the State and shall also include borrowings by the public sector undertakings and the special purpose vehicles and other equivalent instruments including guarantees where the principal and/or interest are to be serviced out of the State budgets.