Bare Act

The Manipur Fiscal Responsibility and Budget Management Act, 2005

The Manipur Fiscal Responsibility and Budget Management Act, 2005 establishes a legal framework to enforce disciplined financial management and long-term fiscal stability within the State Government of Manipur. It requires the state government to maintain a revenue surplus, cap its fiscal deficit at three percent of Gross State Domestic Product, limit public sector debt guarantees, and control administrative spending. Applying directly to state officials and public finance operations, the Act mandates the annual presentation of detailed medium-term fiscal policy statements to the state legislature. This legislation matters because it promotes public transparency, holds the government accountable for its spending, and prevents excessive public borrowing.

PDF: pending for this language.