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Section 3: Medium Term Fiscal Plan

The Goa Fiscal Responsibility and Budget Management Rules, 2007State Rules of Goa · 2006

(1) The Medium Term Fiscal Plan, as required under sub- section (1) of section 3, of the Act shall include in Form F-1 three years rolling targets in respect of the following fiscal indicators:

(a) Revenue deficit as a percentage of TRR;

(b) Fiscal deficit as a percentage of GSDP;

(c) Outstanding total liabilities as a percentage of GSDP;

(d) Ratio of Interest payment to total revenue receipt.

(2) The Medium Term Fiscal Plan shall also explain the assumptions underlying the above mentioned targets for fiscal indicators and an assessment of sustainability relating to the items indicated in sub- section (3) of section 3 of the Act.

(3) The Medium Term Fiscal Plan shall contain the medium term fiscal objectives of the Government, the evaluation of performance of the prescribed fiscal indicators etc., as indicated in sub-section (4) of section 3 of the Act, in the Form F-2.

Where this provision sits

ActThe Goa Fiscal Responsibility and Budget Management Rules, 2007
Section3
Marginal noteMedium Term Fiscal Plan
JurisdictionState of Goa
StatusIn force as published by the source

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