Preamble

[Translation in English of “2003-ലലെ കകേരള ധനസസംബന്ധമമായ ഉത്തരവമാദദിത്ത ആകക്റ്റ്” published under the authority of Governor]

ACT 29 OF 2003 THE KERALA FISCAL RESPONSIBILITY ACT, 2003*

An Act to provide for the responsibility of the Government to ensure prudence in fiscal management and fiscal stability by progressive elimination of revenue deficit and sustainable debt management consistent with fiscal stability, greater transparency in fiscal operations of the Government and conduct of fiscal policy in a medium term fiscal frame work and for matters connected therewith or incidental thereto.

Preamble.—WHEREAS it is expedient to provide for the responsibility of the Government to ensure prudence in fiscal management and fiscal stability by progressive elimination of revenue deficit and sustainable debit management consistent with fiscal stability, greater transparency in fiscal operations of the Government and conduct of fiscal policy in a medium term fiscal frame work and for matters connected therewith or incidental thereto:

BE it enacted in the Fifty-fourth Year of the Republic of India as follows:—