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Section 3: Ceiling on Government Guarantees.

The Meghalaya Ceiling on Government Guarantees Act, 2025 (Act No. 5 of 2025)State Act of Meghalaya · Act 5 of 2025

(1) The Total Outstanding government guarantees as on the first day of April of any year shall not exceed 10 percent of the Gross State Domestic Product (GSDP) estimated for the year.

(2) The Total fresh government guarantees issued in a year shall not exceed 5 percent of the Revenue Receipts or 0.5 per cent of Gross State Domestic Product (GSDP) estimated for the year, whichever is less.

Provided that under extreme exigencies and occurrence of natural calamities of the order which require the Government to take immediate fiscal policy measures, the Government may exceed the ceilings prescribed under sub-section (1) and (2).

Where this provision sits

ActThe Meghalaya Ceiling on Government Guarantees Act, 2025 (Act No. 5 of 2025)
Section3
Marginal noteCeiling on Government Guarantees.
JurisdictionState of Meghalaya
StatusIn force as published by the source

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