Preamble

TAMIL NADU FISCAL RESPONSIBILITY ACT, 2003

(ACT XVI OF 2003) (Further Amended in 2023)

An Act to provide that it shall be the responsibility of the State Government to ensure fiscal stability and sustainability, and to enhance the scope for improving social and physical infrastructure and human development by achieving sufficient revenue surplus, reducing fiscal deficit and removing impediments to the effective conduct of fiscal policy and prudent debt management through limits on State Government's borrowings, debts and deficits, greater transparency in fiscal framework and for matters connected therewith or incidental thereto.

BE it enacted by the Legislative Assembly of the State of Tamil Nadu in the Fifty– fourth Year of the Republic of India as follows:-