Chapter III AMENDMENT IN THE RAJASTHAN FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT ACT, 2005

In section 6 of the Rajasthan Fiscal Responsibility and Budget Management Act, 2005 (Act No. 7 of 2005),-

1. (i) for the existing clause (c), the following shall be substituted, namely: - “(c) restrict its total outstanding debt up to 38.2 per cent of Gross State Domestic Product within a period of six years, beginning from the 1st day of April 2020, and ending on the 31st day of March 2026 and thereafter maintain the said ratio or reduce it;”; and
2. (ii) in clause (d) of the first proviso, for the existing punctuation mark “:” appearing at the end, the expression “; or” shall be substituted and after the said clause (d), so amended, the following shall be added, namely:- “(e) due to additional borrowing limit allowed by the Central Government on account of Covid-19 pandemic:”.