Amendment of Section 4

In clause (i) of sub-section (2) of section 4 of the Manipur Fiscal Responsibility and Budget Management Act, 2005, the following provisos shall be added, namely: "provided that for the financial year 2019-20, the fiscal deficit target and annual borrowing limit for the State will be anchored to Rs. 363 crore (Rupees three hundred and sixty three) crore in addition to the annual limit as stated above; provided further that the State shall be eligible for additional borrowing of upto 2% of Gross State Domestic Product during the financial year 2020-21 only.".