Bare ActsThe Assam Fiscal Responsibility and Budget Management (Amendment) Act, 2011

Section 3

Amendment status not verified — confirm the current text below against the official source.

In the principal Act, in section 4, in sub-section (3), - (iii) for the existing clause (i), the following shall be substituted, namely: - “(i) eliminate revenue deficit by 2011-12 and maintain revenue balance or attain a surplus thereafter (iv) for the existing clause (v), the following shall be substituted, namely :- “(v) reduce fiscal deficit to 3% of the estimated Gross State Domestic Product by 2010-11 and maintain the same level thereafter (iii) for the existing clause (vii), the following shall be substituted, namely : - “(vii) attain the total outstanding debt of the State Government to GSDP ratio at 28.2% in 2010-11, 28.3% in 2011-12, 28.4% in 2012-13, 28.4% in 2013-14 and 28.5% in 2014-15 and maintain the same level thereafter MOHD. A. HAQUE, Secretary to the Government of Assam. Legislative Department. Dispur.

Section 3 – The Assam Fiscal Responsibility and Budget Management (Amendment) Act, 2011 | DailyLaw.ai