Mizoram Fiscal Responsibility and Budget Management (Amendment) Act, 2011

(1) This Act may be called the Mizoram Fiscal Responsibility and Budget Management (Amendment) Act, 2011. (2) It shall come into force from the date of its publication in the Mizoram Gazette.

In clause (4) of Section 6 of the Principal Act, the following shall be substituted, namely:- “(4) reduce fiscal deficit annually at a percentage of Gross Domestic Product so as to reach the goal set out in clause (2) with the following rates of annual reduction -7.5% in 2010-11, 6.4% in 2011-12, 5.2% in 2012-13, 4.1% in 2013-14 and 3.0% in 2014-15”

AN ACT further to amend the Mizoram Fiscal Responsibility and Budget Management Act, 2006 (Act No.7 of 2006) (hereinafter referred to as the Principal Act) It is enacted by the Mizoram Legislative Assembly in the sixty-second Year of the Republic of India as follows: