The Meghalaya Fiscal Responsibility and Budget Management Act, 2006 (Act No. 4 of 2006)
State Act of Meghalaya · Act 4 of 200613 provisions
The enactment
| Long title | An Act to provide for the responsibility of the State Government to ensure fiscal prudence, stability and efficiency and also to achieve fiscal consolidation so as to facilitate the generation of revenue surplus to enhance the scope for improvement of investment in the social and economic sector/infrastructures of the State and to ensure fiscal and debt sustainability through progressive reduction of the fiscal deficit and proper debt management system and also to provide for a more transparent and accountable system of budgeting that will ensure an efficient and effective system of governanc… |
|---|---|
| Type | Act |
| Citation | Act 4 of 2006 |
| Year | 2006 |
| Jurisdiction | State of Meghalaya |
| Ministry | Meghalaya Law Department |
| Status | In force as published by the source |
| Provisions published | 13 |
Full text, provision by provision
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- Section 1 Short title, extent and commencement
- Section 2 Definitions
- Section 3 Fiscal Management Objectives
- Section 4 Fiscal targets
- Section 5 Fiscal Management Principles to ensure fiscal discipline in the State
- Section 6 Measure to ensure Fiscal Discipline
- Section 7 Fiscal Policy Statement to be laid before the legislature
- Section 8 Measures of Fiscal Transparency
- Section 9 Measures to enforce compliance.
- Section 10 Power to make rules
- Section 11 Protection of action taken in good faith.
- Section 12 Application of other laws not barred.
- Section 13 Power to remove difficulties
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