Preamble

The Nagaland Fiscal Responsibility and Budget Management Act, 2005. (Act No. 7 of 2005)

Received the assent of the Governor of Nagaland on 28/09/2005 and published in the Nagaland Gazette Extraordinary dated: 22 of November, 2005. An -Act-

An Act to provide for the responsibility of the State Government to ensure prudence in fiscal management and fiscal stability by achieving revenue surplus, reduction in fiscal deficit, prudent debt management consistent with fiscal sustainability, greater transparency in fiscal operations of the Government and conduct of fiscal policy in a medium term framework and for matters connected herewith or incidental thereto.