CourtMesh

The Bihar Fiscal Responsibility and Budget Management(Amendment) Act, 2016

State Act of Bihar · Act 9 of 20168,480 characters of text

The enactment

Long titleThe Bihar Fiscal Responsibility and Budget Management(Amendment) Act, 2016
TypeAct
CitationAct 9 of 2016
Year2016
JurisdictionState of Bihar
StatusIn force as published by the source
TextPublished as one document, as the source published it

Full text

The source publishes this enactment as a single document rather than provision by provision, so the whole text is below and there are no per-section pages for it. Nothing has been shortened.

ॢबह�र [स�ध�रण [�क ॢबह�र सरक�र ह�र� क�०शत (स�� पटन� ��3) पटन� laŒ , y 0 th 0 & 0 1 &1 0 @2 0 1 6 v f / kfu ; e] f t li j egkef ge jkT ; i ky f nu kad 1 0 lo Z& lk/ kkj.k dh lwp u k ds fy ; s izdkf 'kr f d; k t kr k gS A �नबंधन सं या ह�र गजट [स�ध�रण [�क ॢबह�र सरक�र ह�र� क�०शत 2� ावण 1�3� �श0� पटन�� वहृ� प�तवार� 11 अग� त 2�1� f o f / k fo Hkkx ——— v f / klwp u k,a 1 1 v xL r 2 01 6 @2 0 1 6@ 1 4 5 yst % A &—f c gkj f o/ kku eaMy } kjk ; Fkki kf jr f u E uf yf [ kr jkT ; i ky f nu kad 1 0 v xLr 2 01 6 dks v uqef r ns p qds lo Z& lk/ kkj.k dh lwp u k ds fy ; s izdkf 'kr f d; k t kr k gS A fcgkj&jkT;iky ds vkns'k ls] eukst dqekj] ljdkj ds la;qDr �नबंधन सं या पी0ट�0-40 ॢबह�र सरक�र ह�र� क�०शत f c gkj f o/ kku eaMy } kjk ; Fkki kf jr f u E uf yf [ kr dks v uqef r ns p qds gSa] blds } kjk fcgkj&jkT;iky ds vkns'k ls] eukst dqekj] ljdkj ds la;qDr lfpoA 2 ॢबह�र गजट [स�ध�रण�� 11 अग� त 2016 fcgkj jktdks"kh; mÙkjnkf;Ro vkSj ctV izca/ku ¼la'kks/ku½ vf/kfu;e] 2016 [f c gk j f c gk j f c gk j f c gk j v f / kf u ; e 9v f / kf u ; e 9v f / kf u ; e 9v f / kf u ; e 9 ] 2 01 6] 2 01 6] 2 01 6] 2 01 6] izLrkoukA& jktdks"kh; lesdu ds fy;s 14osa foÙk vk;ksx }kjk ;Fkk vuq'kaflr iqujhf{kr :ijs[kk dks ykxw djus ,oa jktdks"kh; mÙkjnkf;Ro ,oa ctV izca/ku izfØ;k dks vkSj ikjn'khZ rFkk O;kid cukus ds fy, jktdks"kh;

y{;ksa esa la'kks/ku dk mica/k djus gsrq fcgkj jktdks"kh; mÙkjnkf;Ro vkSj ctV izca/ku vf/kfu;e] 2006 dk la'kks/ku djus gsrq vf/kfu;e A Hkkjr x.kjkT; ds lM+lBosa o"kZ esa fcgkj jkT; fo/kku eaMy }kjk fuEufyf[kr :i esa ;g vf/kfu;fer gks %& 1- lafa{kIr uke] foLrkj ,oa izkjEHkA& ¼1½ ;g vf/kfu;e fcgkj jktdks"kh; mÙkjnkf;Ro vkSj ctV izca/ku ¼la'kks/ku½ vf/kfu;e] 2016 dgk tk ldsxk A ¼2½ bldk foLrkj laiw.kZ fcgkj jkT; esa gksxk A ¼3½ ;g ml frfFk ls izo`Ùk gksxk tks jkT; ljdkj] vf/klwpuk }kjk] jkti= esa bl fufer fu;r djsa A 2- fcgkj vf/kfu;e 5] 2006 dh /kkjk&2 esa la'kks/kuA& fcgkj jktdks"kh; mÙkjnkf;Ro vkSj ctV izca/ku vf/kfu;e] 2006 ¼fcgkj vf/kfu;e 5] 2006½ dh /kkjk&2 dh mi/kkjk ¼M½ ds ckn fuEufyf[kr ubZ mi/kkjk ¼<½ tksM+h tk;sxh %& ^^¼<½ ^^C;kt Hkqxrku** ls vfHkizsr gS jkT; ljdkj dk vkarfjd _.k] dsUnz ljdkj ls jkT; ljdkj }kjk fy;s x;s dtZ ,oa vfxze ,oa yksd ys[kk esa jkT; Hkfo"; fuf/k ,oa vU; nkf;Ro ij ewy/ku dh okilh ls fHkUu Hkqxrs; jkf'kA** 3- fcgkj vf/kfu;e 5] 2006 dh /kkjk&9 esa la'kks/kuA& fcgkj jktdks"kh; mÙkjnkf;Ro vkSj ctV izca/ku vf/kfu;e] 2006 ¼fcgkj vf/kfu;e 5] 2006½ dh /kkjk&9 dh mi/kkjk ¼2½ dk [k.M ¼[k½ fuEufyf[kr }kjk izfrLFkkfir fd;k tk;sxk %& ^^¼[k½ (1) foÙkh; o"kZ 2016&17 ls 2019&20 dh vof/k esa jkT; ds fy, jktdks"kh; ?kkVk y{;ksa vkSj okf"kZd m/kkj lhekvksa dk izfrKkiu fuEuor~ fd;k tkrk gS%& ¼I½ jkT; dk jktdks"kh; ?kkVk thŒ,lŒMhŒihŒ ¼ldy jkT; ?kjsyw mRikn½ ds 3 izfr'kr dh okf"kZd lhek rd fLFkjrk iznku djus okyk gksxkA jkT; blls vf/kd dh lhek ds fy, fdlh Hkh o"kZ esa] ftlds fy, m/kkj lhek,a fu;r dh tkuh gS] ;fn mldk _.k& thŒ,lŒMhŒihŒ vuqikr mlds fiNys o"kZ esa 25 izfr'kr ls de ;k mlds cjkcj gS] 0-25 izfr'kr dh ykspuh;rk o mnkjrk ds fy, ik= gksxkA ¼II½ jkT; mDr o"kZ esa ftlds fy, m/kkj lhek,a fu;r dh tkuh gS] ;fn mldk C;kt Hkqxrku mlds fiNYks o"kZ esa jktLo izkfIr;ksa dk 10 izfr'kr ls de ;k mlds cjkcj gS] thŒ,lŒMhŒihŒ dk 0-25 izfr'kr dh vfrfjDr m/kkj lhek ds fy, Hkh ik= gksxkA ¼III½ ykspuh;rk laca/kh izko/kkuksa ds v/khu jkT; mi;qZDr bafxr nks fodYi izkIr dj ldrs gSa ;k rks mi;qZDr esa ls dksbZ ,d ekun.M iwjk djus ij dksbZ Hkh mi;qZDr fodYi ;k nksuksa ekun.Mksa dks iwjk djus ij nksuksa fodYi ,d lkFkA bl izdkj fdlh fn, x, o"kZ esa jkT; dks vf/kdre jktdks"kh; ?kkVk thŒ,lŒMhŒihŒ ds 3-5 izfr'kr lhek rd izkIr gks ldrk gSA ¼IV½ ,d fodYi ;k nksuksa fodYiksa ds v/khu vfrfjDr lhek izkIr djus ds fy, jkT; ds ikl ykspuh;rk rHkh miyC/k gksxh ;fn mDr o"kZ esa] ftlesa m/kkj lhek,a fu;r dh tkuh gS vkSj Bhd iwoZorhZ o"kZ esa dksbZ jktLo ?kkVk u gksA

(2) foÙkh; o"kZ 2016&17 ls 2018&19 ds chp foÙkh; o"kZ ds nkSjku esa fdlh fof'k"V o"kZ esa ldy jkT;

?kjsyw mRikn ds 3 izfr'kr ds lkekU; jktdks"kh; ?kkVs ds foÙk iks"k.k ds fy, viuh Lohd`r m/kkj lhek dk iw.kZ :Ik ls mi;ksx djus esa l{ke ugha gksrk gS rks mls dsoy vxys o"kZ esa bl vuqi;ksftr m/kkj jkf'k ¼ftldk :Ik;s esa ifjdyu fd;k x;k gS½ dks 14osa foÙk vk;ksx dh iapkV vof/k 2017&18 ls 2019&20 ds Hkhrj izkIr djus dk fodYi gksxkA vuqi;ksftr m/kkj jkf'k lfgr ;g jkf'k thŒ,lŒMhŒihŒ ds 3-5 izfr'kr rd lhfer gksxhA** fcgkj&jkT;iky ds vkns'k ls] eukst dqekj] ljdkj ds la;qDr lfpoA 3 "बहार गजट (असाधारण), 11 अग� त 2016 1 1 v xL r 2 01 6 la0 ,y0th0&01&10@2016@146@yst%A—fcgkj fo/kku eaMy }kjk ;Fkkikfjr vkSj egkefge jkT;iky }kjk fnukad 10 vxLr 2016 dks vuqer fcgkj jktdks"kh; mÙkjnkf;Ro vkSj ctV izca/ku ¼la'kks/ku½ vf/kfu;e] 2016 dk fuEufyf[kr vaxzsth vuqokn fcgkj&jkT;iky ds izkf/kdkj ls blds }kjk izdkf'kr fd;k tkrk gS] ftls Hkkjrh; lafo/kku ds vuqPNsn&348 ds [kaM ¼3½ ds v/khu mDr vf/kfu;e dk vaxzsth Hkk"kk esa izkf/kd`r ikB le>k tk;sxk A fcgkj&jkT;iky ds vkns'k ls] eukst dqekj] ljdkj ds la;qDr lfpoA The Bihar Fiscal Responsibility and Budget Management(Amendment) Act, 2016 [Bihar Act 9, 2016] AN ACT Preamble- To amend The Bihar Fiscal Responsibility and Budget Management Act, 2006 to provide amendment in fiscal targets as recommended by the 14 th Finance Commission for application revised roadmap for fiscal consolidation and to make fiscal responsibility and budget management process more transparent and comprehensive.

Be it enacted by the Legislature of the State of Bihar in the sixty seventh year of the republic of India as follows :-

1. Short title, Extent and Commencement - (1) This Act may be called The Bihar Fiscal Responsibility and Budget Management (Amendment) Act, 2016.

(2) It shall extend to the whole of the State of Bihar.

(3) It shall come into force on such date as the State Government may, by notification in the official Gazette, appoint in this behalf.

2. Amendment in section-2 of The Bihar Act 5, 2006.—The following new sub-section

(n) after sub-section (m) of section-2 of the Bihar Fiscal Responsibility and Budget Management Act, 2006 (Bihar Act 5, 2006):- "(n) 'Interest Payment' means the amount payable other than refund of principal amount on the internal debt of the State Government, and loans and advances taken by the State Government from the Central Government and on State provident funds and other liabilities in the public account."

3. Amendment in section-9 of the Bihar Act 5, 2006.— Clause (b) of sub rule (2) of section- 9 of the Bihar Fiscal Responsibility and Budget Management Act, 2006 (Bihar Act 5, 2006) shall be substituted by the following :- "(b)(1) The fiscal deficit targets and annual borrowing limits for the State during the period 2016-17 to 2019-20 are enunciated as follows:- (I) Fiscal deficit of the State will be anchored to an annual limit of 3 percent of GSDP.

The State will be eligible for flexibility of 0.25 percent over and above this for any given year for which the borrowing limits are to be fixed if the debt-GSDP Ratio is less than or equal to 25 percent in the preceding year.

(II) The State will be further eligible for an additional borrowing limit of 0.25 percent of GSDP in a given year for which the borrowing limits are to be fixed if the interest payments are less than or equal to 10 percent of the revenue receipts in the preceding year.

(III) The two options under these flexibility provisions can be availed by the State either separately, if any of the above criterion is fulfilled, or simultaneously if both the above stated criterion are fulfilled. Thus, the State can have a maximum fiscal deficit- GSDP limit of 3.5 percent in any given year.

(IV) The flexibility for availing the additional limit under either of the two options or both will be available to the State only if there is no revenue deficit in the year in which borrowing limits are to be fixed and the immediately preceding year.

4 ॢबह�र गजट [स�ध�रण�� 11 अग� त 2016

(2) If the State is not able to fully utilize its sanctioned borrowing limit of 3 percent of GSDP in any particular year during the financial year between 2016-17 to 2018-19, it will have the option of availing this unutilized borrowing amount (calculated in Rs.) only in the following year within the Fourteenth Finance Commission award period of 2017-18 to 2019-20. The amount including unutilized borrowing amount will be limited to 3.5 of GSDP."

By order of the Governor of Bihar, MANOJ KUMAR, Joint Secretary to Government.

———— [ध�¡क� स०चव�लय म१�ण�लय� ॢबह�र� पटन� ह�र� �क�०शत eव# म१ॢ �त?

ॢबह�र गजट [स�ध�रण� 663%5'1+400%ड�+ट,+प�+?

Website: http://egazette.bih.nic.in

Find the provision, not just read it

The full text above is free, and it stays free. What a free CourtMesh account adds is everything you cannot do by reading one page at a time:

  • Search 49,000+ Central and State enactments by what a provision says, not by its number
  • Jump from any section to every judgment that has applied it
  • Search 300 million+ Indian court records alongside the statute
  • Ask a research agent to find and read the case law on a provision for you

Free account. No card. About a minute to create.

Create a free account

Need this as data, not as a page? The Bihar Fiscal Responsibility and Budget Management(Amendment) Act, 2016 is one of 49,000+ enactments on CourtMesh. The Indian court cases API serves the case law that cites these provisions over JSON, with API documentation and plans and pricing. See also the judgment library.