Bare Act

The Tripura Fiscal Responsibility and Budget Management Act, 2005

This law governs the financial management of the Tripura state government to ensure fiscal stability and long-term economic health. It requires the government to maintain a positive revenue balance, control spending, and build up reserves to cover liabilities. The Act mandates transparency by requiring the publication of specific fiscal policy statements, including a medium-term plan and macroeconomic framework, before the state legislature. By enforcing these rules, the government aims to reduce debt, promote sustainable growth, and ensure that current spending does not burden future generations, ultimately improving public welfare and economic predictability.

PDF: pending for this language.