Vidhi Codex

The Telangana Fiscal Responsibility and Budget Management Act, 2005

The Telangana Fiscal Responsibility and Budget Management Act, 2005

Finance200516 sections

The Telangana Fiscal Responsibility and Budget Management Act, 2005 regulates the financial operations of the Telangana state government. It applies directly to the state administration and its various public sector entities, legally requiring them to manage public funds responsibly. The law sets strict, legally binding targets to eliminate revenue deficits, limit overall state debt, and control financial guarantees. It matters because it enforces transparency, requiring the government to present detailed fiscal strategy reports and quarterly budget reviews to the legislature. This actively protects future generations from excessive debt while promoting sustainable and stable economic growth through disciplined, accountable public spending.

Start reading →Read full ActSections
  1. 1. Short title and commencement.
  2. 2. Definitions.
  3. 3. Fiscal Management Objectives.
  4. 4. Fiscal Management Principles.
  5. 5. Fiscal Policy Statements to be laid before the Legislature.
  6. 6. Macroeconomic Framework Statement.
  7. 7. Medium Term Fiscal Policy Statement.
  8. 8. Fiscal Policy Strategy Statement.
  9. 9. Fiscal Targets.
  10. 10. Measures for Fiscal Transparency.
  11. 11. Measures to enforce compliance.
  12. 12. Protection of action taken in good faith.
  13. 13. Application of other laws not barred.
  14. 14. Power to remove difficulties.
  15. 15. Power to Make Rules.
  16. 16. Repeal of Ordinance.

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