The Jammu and Kashmir Fiscal Responsibility and Budget Management Act, 2006
Union territory Act of Jammu and Kashmir · Act 12 of 200614 provisions
The enactment
| Long title | An Act to provide for the responsibility of the Government to ensure prudence in fiscal management and fiscal stability by progressive strengthening of revenue surplus, reduction in fiscal deficit, prudent debt management consistent with fiscal sustainability, greater transparency in fiscal operations of the Government and conduct of fiscal policy in a medium term framework and for matters connected therewith or incidental thereto. |
|---|---|
| Type | Act |
| Citation | Act 12 of 2006 |
| Year | 2006 |
| Jurisdiction | Union territory of Jammu and Kashmir |
| Status | In force as published by the source |
| Provisions published | 14 |
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- Section 1 Short title and commencement.
- Section 2 Definitions
- Section 3 Fiscal Management Objectives.
- Section 4 Fiscal Management Principles.
- Section 5 Fiscal Policy Statements to be laid before the Legislature of the Union territory of Jammu and Kashmir.
- Section 6 Macroeconomic Framework Statement
- Section 7 Medium Term Fiscal Policy Statement.
- Section 8 Fiscal Policy Strategy Statement
- Section 10 Measures for Fiscal Transparency.
- Section 12 Power to make rules.
- Section 13 Rules to be laid before Legislature.
- Section 14 Protection of action taken in good faith.
- Section 15 Application of other laws not barred.
- Section 16 Power to remove difficulties.
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