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Section 6: Medium term fiscal plan

The Bruhat Bengaluru Mahanagara Palike (Fiscal Responsibility and Budget Management) Rules, 2021State Rules of Karnataka · 2003

(1) There shall be prepared in each financial year a medium term fiscal plan along with the annual budget and shall be submitted for approval of the Council.

(2) The medium term fiscal plan shall set forth a four-year rolling target including the current year for the fiscal indicators with specification for following underlying assumptions in BBMP FRBM FORM-1.

(3) The medium term fiscal plan shall include an assessment of sustainability relating to,- a) revenue deficit; and b) the use of capital receipts including borrowings for generating productive assets.

Where this provision sits

ActThe Bruhat Bengaluru Mahanagara Palike (Fiscal Responsibility and Budget Management) Rules, 2021
Section6
Marginal noteMedium term fiscal plan
JurisdictionState of Karnataka
StatusIn force as published by the source

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