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Section 6: Measures for Fiscal Transparency

The Goa Fiscal Responsibility and Budget Management Act, 2006State Act of Goa · Act 12 of 2006

(1) The Government shall take suitable measures to ensure greater transparency in its fiscal operations, in public interest, in the preparation of the Budget:

Provided that the Government shall have the power to reserve any such information which would adversely affect the interest of the State Exchequer.

(2) In particular, and without prejudice to the generality of the foregoing provision, the Government shall, at the time of presentation of the Budget, disclose in a statement in the form as may be prescribed,— – 5 –

(a) the significant changes in the accounting standards, policies and practices affecting or likely to affect the computation of prescribed fiscal indicators;

(b) as far as practicable and consistent with protection of public interest, the contingent liabilities created by way of guarantees.

2[(c) the key fiscal indicators including those mentioned in section 5].

Where this provision sits

ActThe Goa Fiscal Responsibility and Budget Management Act, 2006
Section6
Marginal noteMeasures for Fiscal Transparency
JurisdictionState of Goa
StatusIn force as published by the source

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