“(d) a statement of explicit contingent liabilities, which are in the form of stipulated annuity payments over a multi-year time-frame in Form D-5,
(e) a statement providing the detailed breakup of grants for creation of capital assets in Form D-6”.
5. In the rule 7 of the said rules, -------
(1) for the figures “2004-2005”, the figures “2012-2013” shall be substituted;
(2) in sub-rule (ii), for figures, “45”, the figures “60” shall be substituted.
(3) in sub-rule (iii), for figures, “45”, the figures “60” shall be substituted.
6. In the Form F1 of the said rules, for the table under the heading “A.
Fiscal Indicators – Rolling Targets” the following table shall be substituted, namely :-
8. In the Form F-2 of the said rules, in paragraph “E-Targets for the ensuing year”, for the words and figures “the fiscal deficit is higher than 45 per cent. of the Budget Estimates for that year; or the revenue deficit is higher than 45 per cent. of the Budget Estimates for that year”, the words and figures “the fiscal deficit is higher than 60 per cent. of the Budget Estimates for that year; or the revenue deficit is higher than 60 per cent. of the Budget Estimates for that year” shall be substituted.
Current Year Revised Estimates Y-1 Ensuing year Target :
Budget Estimates Y Targets for the next two years Y+1 Y+2
1. Revenue Deficit as percentage of GDP
2. Effective Revenue Deficit as percentage of GDP
3. Fiscal Deficit as percentage of GDP
4. Tax Revenue as percentage of GDP
5. Total outstanding liabilities as percentage of GDP 6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]