The Madhya Pradesh Finance Act, 2021

1. (1) This Act may be called the Madhya Pradesh Finance Act, 2021.
2. (2) It shall come into force from the date of its publication in the Madhya Pradesh Gazette.

In the Madhya Pradesh Rajkoshiya Uttardayitva Avam Budget Prabandhan Adhiniyam, 2005 (No. 18 of 2005), in sub-section

1. (2) of Section 9, for clause (b), the following clause shall be substituted, namely :— "(b) ensure that the fiscal deficit for the financial years 2021-22 and 2022-23 should not be more than 4.00 percent and 3.50 percent respectively of that year's GSDP and should not be more than 3.00 percent of the GSDP for financial years 2023-24, 2024-25 and 2025-26. For the financial years for 2021-22 to 2024-25 (based on the performance in electricity sector), the aforesaid fiscal deficit can be increased by upto 0.5 percent of the GSDP for that year.".

In Section 3 of the Madhya Pradesh Contingency Fund Act, 1957 (No. 7 of 1957), for the words "five hundred crore rupees", the words "one thousand crore rupees" shall be substituted.