Bare Act

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

This bill amends the Mizoram Fiscal Responsibility and Budget Management Act to change the targets for reducing the state's outstanding debt. It modifies a specific section that previously outlined debt reduction goals to new percentages targeting Gross Domestic Product. The new targets establish decreasing debt levels for the fiscal years 2010-11 through 2014-15. This change matters because it sets clear, time-bound financial discipline requirements for the Mizoram government to manage its debt responsibly and protect the state's fiscal health over the short term.

PDF: pending for this language.