Section 6: Half-yearly Review

The Karnataka Fiscal Responsibility Rules, 2003.State Rules of Karnataka · 2002

The half yearly Review Report as prescribed in subsection (2) of section 6 will include the following, namely:- a) A table pertaining to the half year in MTFP format is specified in clause (e) of rule 4;

b) Comparison of performance in the previous years to the extent data availability for the corresponding period as percentage of the year's budget;

c) Projections of the prescribed fiscal indicators for the whole year if the present trend continues;

d) Wherever there are likely shortfalls in revenue and excess in expenditure, the causes of the same and action being contemplated to offset the impact of the same through specific strategies.

Where this provision sits

Act	The Karnataka Fiscal Responsibility Rules, 2003.
Section	6
Marginal note	Half-yearly Review
Jurisdiction	State of Karnataka
Status	In force as published by the source

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