Vidhi Codex

Bare Act

The Himachal Pradesh Fiscal Responsibility and Budget Management Act, 2005

Finance200513 sections

This Act applies to the State Government of Himachal Pradesh to ensure fiscal stability and greater transparency in its financial operations. It establishes a medium-term fiscal framework to regulate how the government manages its budget and debt. By setting rules for fiscal indicators and deficit management, the law aims to prevent excessive borrowing and ensure long-term financial health. This matters because it holds the government accountable for its spending and borrowing, promoting responsible governance and economic stability for the state, ultimately protecting public resources.

Start reading →Read full ActSections
  1. 0. Preamble
  2. 1. Passed in Hindi by the Himachal Pradesh Vidhan Sabha. For Statement of
  3. 2. Passed in Hindi by the Himachal Pradesh Vidhan Sabha. For Statement of
  4. 3. Passed in Hindi by the Himachal Pradesh Vidhan Sabha/ For Statement of
  5. 4. Passed in Hindi by the Himachal Pradesh Vidhan Sabha. For Statement of
  6. 5. Passed in Hindi by the Himachal Pradesh Vidhan Sabha. For Statement of
  7. 6. Measures for fiscal transparency
  8. 7. Sector and Allied Institutions and related salaries.
  9. 8. Powers to make rules
  10. 9. Rules to be laid before the Legislature
  11. 10. Protection of action taken in good faith
  12. 11. Application of other laws not barred
  13. 12. Power to remove difficulties

PDF: pending for this language.