Fiscal management objectives

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, andutilize 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 due 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, poverty reduction and improvement in human welfare.