Amendment status not verified — confirm the current text below against the official source.
The fiscal policy strategy statement shall be in such form as may be prescribed and shall contain, inter alia— (i) the fiscal policies of the State Government for the ensuing year relating to taxation, expenditure, borrowing and other liabilities (including borrowings by public sector undertakings and special purpose vehicle and other equivalent instruments where liability for repayment is on the State Government), lending, investments, other contingent liabilities, user charges on public goods/utilities and description of other activities, such as guarantees and activities of public sector undertakings which have potential budgetary implications; Macroeconomic framework statement. Medium term fiscal policy statement. Fiscal policy strategy statement. FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT [2005 : Hr. Act 6 Fiscal policy statements to be laid before the State Legislature. 379 (ii) the strategic priorities of the State Government in the fiscal area for the ensuing year; (iii) the key fiscal measures and the rationale for any major deviation in fiscal measures pertaining to taxation, subsidy, expenditure, borrowings and user charges on public goods/utilities; and (iv) an evaluation of the current policies of the State Government via-a-vis the fiscal management principles set out in section 4, the fiscal objectives set out in the medium term fiscal policy statement in sub-section (1) of section 7 and fiscal targets set out in section 9.