The Medium Term Fiscal Plan shall be in a descriptive form including but not restricted to the following matters, namely:- a) Fiscal objectives and strategies to achieve these;
b) Review of fiscal performance of the previous year viz-a-viz targets with reference to fiscal indicator prescribed in rule 3;
c) Review of the likely fiscal performance of the current year as per the revised estimates viz-a-viz targets with reference to fiscal indicators specified in rule 3;
d) Review of macro-economic outlook and forecast of Gross State Domestic Product growth rate for each year of the 4 year period for which Medium Term Fiscal Plan is being prepared;
e) A table containing absolute figures pertaining to the year before previous year ( accounts), the previous year ( budget estimates and accounts) and the current year ( budget estimates and revised estimates), the next year (budget estimates) and projection for three subsequent years and a corresponding table with figures as percentages of Gross State Domestic Product (GSDP) for items including the following, namely:- 1) Revenue receipts with break-up of .- i. State’s Own Tax Revenues;
ii. Non Tax Revenues iii. Resources from the Centre;
2) Revenue Expenditure with break- up of ,- i. Interest;
ii. Salaries;
iii. Pensions;
iv. Subsidies ( Power, Food, Transport, Housing, Industry and Others);
v. O&M ;
vi. Devolution to Urban Local Bodies;
vii. Administrative Expenditure; and Other Revenue Expenditure;
3) Revenue deficit;
4) Capital Receipt;
5) Expenditure on Capital formation 6) Fiscal Deficit;
7) Total Debt Stock;
8) Debt Services;
9) Off-budget Borrowings;
10) Power Sector Subsidy requirement; and 11) Guarantee Stock;
f) The policies of the State Government for the ensuing financial year relating to taxation, expenditure, borrowings( including borrowings by Public Sector Undertakings and Special Purpose Vehicles and other equivalent instruments where liability for repayment is on the State Government, with ceiling fixed for each agency) and other liabilities, lending and investments, pricing of administered goods and services and description of other activities, such as guarantees and activities of the Public Sector Undertakings which have potential budgetary implications; and the key fiscal measures and targets pertaining to each of these;
g) An evaluation as to how the current policies of the State Government are in conformity with the fiscal management principles set out in Section 4 and the fiscal objectives set out in the Medium Term Fiscal Plan.