Bare Act

The Nagaland Fiscal Responsibility and Budget Management (Amendment) Act, 2009

The Nagaland Fiscal Responsibility and Budget Management (Amendment) Act, 2009 is a public finance legislation that amends the state's main fiscal management law of 2005. It applies directly to the Nagaland State Government and its finance department. The Act sets a financial target requiring the government to reduce the state's fiscal deficit to 3.5% of the projected Gross State Domestic Product (GSDP) by March 31, 2010. For ordinary citizens, this law matters because it promotes disciplined state spending, prevents excessive government debt, and helps ensure public funds are managed carefully to support economic stability across Nagaland.

PDF: pending for this language.