section 2
Amendement of section
The Madhya Pradesh Finance Act, 2021Tax20213 sections
Statutory text
In the Madhya Pradesh Rajkoshiya Uttardayitva Avam Budget Prabandhan Adhiniyam, 2005 (No. 18 of 2005), in sub-section
- (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.".
Study data processing for this section.
PDF: pending for this language.