section 3
Fiscal management objectives.
The Manipur Fiscal Responsibility and Budget Management Act, 2005Finance200514 sections
Statutory text
The State Government shall- (a) take appropriate measures to remain revenue positive and build up adequate revenue surplus and contain the fiscal deficit at a sustainable level, and utilize such surplus for discharging the liabilities in excess of the assets or for funding capital expenditure; (b) pursue policies to raise non-tax revenue with regard to cost recovery and equity; and (c) lay down norms for prioritization of capital expenditure, and pursue expenditure policies that would provide impetus for economic growth.
Study data processing for this section.
PDF: pending for this language.