The Rajasthan Fiscal Responsibility And Budget Management (Amendment) Act, 2021

The Rajasthan Fiscal Responsibility And Budget Management (Amendment) Act, 2021

This legislation introduces amendments to the Rajasthan Fiscal Responsibility and Budget Management Act, permitting the state government to borrow an extra amount equal to 0.50 percent of its Gross State Domestic Product for the period from 2021 to 2025. This additional borrowing is authorized by the Central Government based on specific performance criteria in the power sector. The provision enables the state to secure necessary funding for energy projects, balancing developmental goals with financial regulations designed to ensure long-term budgetary stability.

PDF: pending for this language.