(Authoritative English text of this Department Notification Number Fin-G-A(3)- 1/2018-Part-I, dated |/-02-202] as required under clause (3) of article 348 of the Constitution of India) Government of Himachal Pradesh Finance Department No. Fin-G-A(3)-1/2018-Part-I Dated Shimla-171002, the 11" Februarys 2021 Notification In exercise of the powers conferred by section 8 of the Himachal Pradesh Fiscal Responsibility and Budget Management Act, 2005, the Governor of Himachal Pradesh is pleased to make the following rules further to amend the Himachal Pradesh Fiscal Responsibility and Budget Management Rules, 2005 as published in the Rajpatra, Himachal Pradesh (Extra-ordinary) on the 5" July, 2005 vide this Department Notification No. Fin. Comm. D(4)-1/2002, dated 04.07.2005, namely:- Short title and 1. (1) These rules may be called the Himachal Pradesh Fiscal commencement. Responsibility and Budget Management (Amendment) Rules, 2021.
(2) These rules shall come into force w.e.f. 1° April, 2021. Substitution of 2. In the Himachal Pradesh Fiscal Responsibility and Budget Forms 1, 4 and 5. Management Rules, 2005,-
(a) for the existing Form 1, the following shall be substituted, namely:- “Form 1 (See rules 4 and 5) Medium Term Fiscal Plan Statement A. FISCAL INDICATORS — ROLLING TARGETS:- Fiscal Indicator Current |Ensuing | Target for next three years year year Y+] Y+2 Y+3 Revised | Target: Estimates | Budget Estimates iy 1, | Revenue receipts
2. | Revenue expenditure
3. | Revenue deficit/ surplus as percentage of revenue receipts
4.| Fiscal deficit as percentage of gross state domestic product
5. | Tax revenue as percentage of gross state domestic product
6. | Total outstanding debt as percentage of gross state domestic product
7. | Total outstanding guarantees as percentage of revenue receipts
8. | Gross State Domestic Product ASSUMPTIONS UNDERLYING THE FISCAL INDICATORS:
1. REVENUE RECEIPTS:
(a) Tax revenue growth rates and gross state domestic product growth rate. _ (b) Non-tax-revenue-Policy stance.
2. CAPITAL RECEIPTS:
(a) Fresh Loans and Policy stance
(b) Recovery of Loans
(c) Other receipts
(d) Borrowings-Public Debt and Other Liabilities
3. TOTAL EXPENDITURE:
(a) REVENUE ACCOUNT:
(i) Salaries and Wages
(ii) Pensions
(iii) Interest Payments
(iv) Major Subsidies
(v) Others
(b) CAPITAL ACCOUNT:
(i) Loan and Advances
(ii) Capital Outlay
4. GROSS STATE DOMESTIC PRODUCT GROWTH. B. STATEMENT ON: -
(i) the balance between revenue receipts and revenue expenditure:- The medium term fiscal plan statement may specify the tax-gross state domestic product ratio for the current year and subsequent three years with an assessment of the changes required for achieving it. It may discuss the nontax revenues and the policies concerning the same. An assessment of the capital receipts may be made, including the borrowings and other liabilities, as per policies spelt out. The statement may also give projections for gross state domestic product and discuss it on the basis of assumptions underlying the indicators. Discussion on expenditure on revenue account may also be made with particular emphasis on the measures proposed to meet the overall objectives.
(ii) the use of capital receipts including market borrowings for generating productive assets: The medium term plan statement may also specify the proposed use of capital receipts for generating productive assets in different categories. It may also spell out proposed changes among these categories and discuss it in terms of the overall policy of the Government in achieving the State’s objectives.
(iii) recent economic trends and future prospects of growth affecting fiscal position of the State Government.
(iv) strategic priorities of the Government in the fiscal areas.
(v) cumulative debt or liabilities.”
(b) for the existing Form 4, the following shall be substituted, namely:- “Form 4 [See rule 6] Details of Number of Employees as on 31° March, ........sesee Number Salary State Government Employees (Demand wise/Department wise) 2 | Public Sector Undertakings 3 Aided Institutions Total No. of Employees.” ; and
(c) for the existing Form 5, the following shall be substituted, namely:- “Form 5 (See rule 7) Review of Receipts and Expenditure Budget Latest Expected | Reasons It Estimates | Estimates | Increase/ for mu for Current} for Current | Decrease |Deviation Year Year 1 2 3 4 5 A. Revenue Receipts
(i) State’s Own
(a)Tax revenue
(b)Non tax revenue
(ii) Central transfers (including Central Taxes)
(iii) Centrally Sponsored Scheme Grants (excluding Centrally Sponsored Scheme Loans)
1. TOTAL: A (i to iii) REVENUE RECEIPTS B. Revenue Expenditure
(i) Interest Payment
(ii) Pension
(iii) Centrally Sponsored Scheme
(iv) Others
2. TOTAL: B [i to iv| REVENUE EXPENDITURE
3. Revenue Deficit/Surplus (A-B) C. Capital Receipts
(i) Total Borrowings (excluding Ways & Means overdraft and includes net General Provident Fund receipts)
(ii) Recovery of Loans
(iii) Miscellaneous Capital Receipts
4. TOTAL: C (itiitiii) CAPITAL RECEIPTS D. Capital Expenditure
(i) Repayment of Loans
(11) Centrally Sponsored Scheme
(iii) Others
5. TOTAL: D (i to iii) CAPITAL EXPENDITURE E. Capital Deficit/Surplus (C-D) F. Fiscal Deficit [(3+D (iitiii)-C(iitiii)] G. Primary Deficit/Surplus [F-B (i)] H. Statement regarding deviation attributed to general economic environment and policy charges I. Statement of proposed remedial measures J. Gross State Domestic Product K. Fiscal Deficit as percentage of GSDP.” By order, Addl. Chief Secretary (Finance) to the Government of Himachal Pradesh Endst. No:- Fin-G-A(3)-1/2018-Part-I_ Dated Shimla-171002, the 11™ Februang, 2021 D A A R W N All the Administrative Secretaries to the Government of Himachal Pradesh. All the Heads of Departments in Himachal Pradesh. All the Deputy Commissioners in Himachal Pradesh. All the Managing Directors, Boards/Corporations in Himachal Pradesh. The Secretary, Vidhan Sabha, Himachal Pradesh, Shimla-171004. The Controller, Printing and Stationary, Himachal Pradesh, Shimla-171005 with the request to publish the matter in the Extra Ordinary Rajpatra. The Accountant General, Himachal Pradesh, Shimla-171003. Deputy bg ee (Finance) to the aostaahe of Himachal Pradesh pb Lbbbik 2b) bbdbiK C+pe} Ctpe) OT +RE| cpeb pb} Dpitals be jb! © |pb LID Pile Ibiklie | pb Pip | bts piplebinin —bab (bj) Pp—bbh piplebioia “hb Indbb} IbIN|h Pibidinia Bible bbale (@e 9 Alle » Lk) b—h&k, —birele ‘LAU JAA DAA |btb| dh bled db L—hak biktap| (2) —'k $002 ‘kRb} | bhitasD|K Leb ebK 2IXb Alle bRIIPALO Piblbinia IBoK Pblkal "7 Gg Alle v ‘b hak | bJ2 BbK & 1202 bKie Beek Bre} k (2) 12 L202 ‘kr (b/RUA) RebK D1Nb Alle DoRIIPALA | besa Riblbiola JAPK Pika} Bib Pils Ib kb} BS (1) “Tale Bib Dabajin — bee ‘2 Pilbb bre] DejO|brh| ABI tb bc bRlab Alle b S007 ‘kRb| RebK 2inb Alle Dpiibabe RiplPiINA JAPK Pla! bialieK lek |b SO0Z ‘BiPin ¢ AID b (lodlRibe) LAP bPika) ‘Ebina IN3 S00Z—ZO—p0 BalMlb ‘2002 /1—-(r) [9—Hle>—bech| Iran [bb Pataite ke Lelitp| BE ‘AS paw bipkK lb [pais brK INB 8 IAlB | S002 ‘kRbIBIIe Rb 2b Ale HRIPALE Piblebinia ADK Pbikal ‘ihpala cb laPK bbia| THAT L202 ° Jee yen Lt ‘ZOOLL}—L 1a} ‘BRIA [—plh —8102 / L(€)A—I9—L.b} ‘Leaks irl} Lb} Alas ADK PIRI (PEs |p [Aline (fa) Rie} DirPji> alle AlBA Ab (xp) ‘Pali [sh | Rites} Dirbil-—bAINIA Acb—Ale (Bp) [A> Bib dipe bas bola Wd Alle aD [ed BB palin xp () ‘LR Py bAlNIA ‘AlloAls D8} & [ebbEs Pipibinia Dib>p Rak pola Bebiy c pbiash be h&d o IWDIADIK Ink beh Bo fb bo & IPPIERIK kp Diba Bak pola bai PMOIA Ad fe bo @ IbblahiK ke Dips Bak bala bi h® & IDbIaDIK kde Dibdse ak pola Bobs ha Bie / 121 PNOIS hed IDDIEDIK Kp |ePajlis balls RRO BAINIA —— Lpbyylit balola | ecdbd Lis fg tale Abb p2Bh Palap| Ah [elhA PPIs AB w dc INh [eb [PABA Johatd [te hho dh IAB pdMOIA | Lindh UN Led) PAP Leis Ab Alfali€ w LelloAlb Bale} & Lob Alle Ubi ln Up} Ye lobe Aj @ bipe Tan pols Bob fe Insp} | Ldn Ibe} MBI <b [Pdi Bir Bibb ladiah| eb ‘2 Ye Dib hele AYE AlRA Dibele dbo} [plik Uh | Alin Led} mapon Ie [oR BBE IISA Alle PAOIA cb Ale BIAS | Llecbts ks Itc] PaP|telp) bibble Pins am pols Weis ab AW) @ fob LIP Jppbiaah Ale pe Bip bay lndjaks @ Jepbyh DRibie ARI @ kA Pill BH b lodbe} IbiNie Ribibiols Bible bak—bbBa pip pho paloIA Alle [Lyi pMoIN (1) ‘loADR] Ah DEY O|ferke| | BJb Dips bak pola Pepin broth lish (1!) bee Ale Alpe (1) ‘LE sh (ta) hele (A) (WO(SIbES) Ipepjpiak Infek (41) RIDE nl be (1) bleh (1) oink Ale EDP (1) ‘AL brlnta (cb) ‘pho Bb boeII> ble Alle In?k lo—MBA (b) Lpba|lis feat (12)
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