Bare ActsThe Gujarat Fiscal Responsibility Act, 2005

Section 1963

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

Provided that revenue deficit and fiscal deficit may exceed the limits specified under this section due to ground or grounds of unforeseen demands on the finances of the State Government arising out of internal disturbance or natural calamity or due to any other exceptional ground as the State Government may specify: Provided further that a statement in respect of the ground or grounds specified in the first proviso shall be placed before the State Legislature, as soon as may be, after such deficit amount exceeds the aforesaid targets.] Measures for fiscal transparency.

Section 1963 – The Gujarat Fiscal Responsibility Act, 2005 | DailyLaw.ai