The KARNATAKA FISCAL RESPONSIBILITY ACT, 2002
karnataka · 2002
- S. 1Substituted by Act 13 of 2011 w
- S. 2Definitions
- S. 3Medium Term Fiscal Plan to be laid before the Legislature
- S. 4Fiscal Management Principles
- S. 5Measures for Fiscal Transparency
- S. 6Measures to enforce compliance
- S. 7Power to make rules
- S. 8Rules to be laid before Legislature
- S. 9Protection of action taken in good faith
- S. 10Application of other laws not barred
- S. 11Section 11 empowers the State Government to address fiscal challenges by setting medium-term financial goals and managing deficits.
- S. 2006The section mandates transparency in Karnataka's fiscal operations, budget consistency with long-term plans, and allows for deficit relaxations in emergencies.