Amendment status not verified — confirm the current text below against the official source.
Measures to enforce compliance.-(1) The Annual budget, and policies announced at the time of the budget, shall be consistent with objectives and targets specified in the Medium Term Fiscal Plan for the coming and future years. 1[(2) The State Government may, by notification, constitute a Fiscal Management Review Committee headed by the Chief Secretary to Government with other Secretaries to Government including the Principal Secretary or Secretary to Government in charge of Finance as members, as may be notified which shall meet at least twice a year to review fiscal and debt position of the State; and States progress on its fiscal correction path and to advice corrective measures as may be required. The procedure and modalities for review shall be such as may be prescribed. (2A) The Minister in charge of finance shall review every half year the trends in receipt and expenditure in relation to the Budget, remedial measures to be taken to achieve budget targets as recommended by the Fiscal Management Review Committee and place before both the houses of Legislature the outcome of such reviews. The review report shall be in such form as may be prescribed.]1