Fiscal Policy Strategy Statement

The Fiscal Policy Strategy Statement shall be in such form as may be prescribed and shall contain, inter alia, the following:- (one) The fiscal policies of the State Government for the ensuing year relating to taxation, expenditure, borrowings and other liabilities including guarantees; (two) The strategic priorities of the State Government for the ensuing year in the fiscal area; (three) Justification and rationale for any major deviation in fiscal measures relating to taxation, subsidy, expenditure, administered pricing and borrowings; and (four) An evaluation of the current policies of the State Government taking into account the fiscal management principles specified in section 4, fiscal objectives specified in the Medium Term Fiscal Policy Statement specified in section 7 and fiscal targets specified in section 9.