Section 3: Fiscal Management Objectives.

The Government shall––

(a) take appropriate measures to strengthen the revenue surplus and thereafter build up adequate revenue surplus at a sustainable level, and utilize such surplus for discharging the liabilities in excess of the assets or for funding capital expenditure ;

(b) pursue policies to raise non-tax revenue with due regard to cost recovery and equity ;

(c) lay down norms for prioritization of capital expenditure ; and

(d) expenditure policies that would provide impetus for economic growth, poverty reduction and improvement in human welfare/standard of life.