Bare ActsThe Manipur Fiscal Responsibility and Budget Management Act, 2005

Section 10

Measures to enforce compliance:::

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

Measures to enforce compliance:::..:c1y'T6c 'Minister-in ehar? tif,, lftt ?p!tifirieht'.·bf · Finance (hereinaftef'rcferr.od··.to: as. Miaiqoro0fr1Pinit'1ce) shall review. every ·i1llk1for,the 'ttonds 'In; receipts ada ?rilllitue,,Jtt.•:;l!elation to the biiqn·,(dsthnatcs: and ·pla? befor?·:; we ? of, ?gisfat_wc., .•Jhc; q-q\c<>mc of such reviews in the next session. The review shall 'also G'>Pff!W 1 statemen! on _'M!Yi?pµ.il).-.?.Hgqts, if .ap,y. - o:-:;t_H."i._. :'·_ ,:·?='; • ._.: • . ·.·· · , .... , ,--? _ . _ _ _ • ... (2) Whenever there · is either shortfall iri revenue or 6CCSS of expenditure o".er the intra-year targets mentioned in the Fiscal Polk:,.-=stratogy Statement Br' the rules made under' this'! Xct,>the Stat• Oo11iftnment ahalLtilke appropriate tii?:i.Iutes't6t-·tricteasin1··?ehuc afid'/or 0ro1-1iMluci:i11a the espenditure, including curtailment of the sumi a;uthorized to be paid and - . appliod froJD out of the Consolidated Fund of the State. ·-. . Provided that nothing in thi5 · suliH1ection lihall apply -to the uponditUID charged on the Consolidated Fund of the State under claus-e (3) of Article 202 of the Constitution or any other eipe>ilditure, which is .required to be incurred under any agreement or contract/ which cannot be, p:oritponed or cunailed. . (3) Any measure projosed in the course of the, financial year a,. which may lead. to an increase in fCV¢nue deficit, either t}J.rouah increased CfJ>COOitun: or loss of revenue, shall be aecompanied by a statement of remedial measures, proposed to neutralize such increase.or Joss and such statement shall bo placed before the House of Legislature while socking approval of Revised Estimate. _ .- (4) The State G?v?rDIJl!mt JD?Y? j( c::l?r? so, set up an agency or body i?d,ep??dent of· Jh? Stato G?v9rn'lll??t..?. rcyjew the compljarico of - the provisions ofthis Act and table such· reviews in·\ the House or Houses of th6 State Legislature. · ll .. Pcnnr to mak-c-,ml0$.-{l} The -ij?tc Oo.vi:;rnlllPQt1+li1l• ?f nofifica,tion in the Oftu=ial Gazott.,, ?ate. rule, fof ?ing Olft th,;.pro,visiQRJ 9(Uus ?!.t, (2) In particular, and without prejudice to the gcneraHty' ()f-thc fcdlbint power, .such rulea may prqviJjo. fur? Off4D:Y·pf?· foUqwi? m!JJtei;?,inameJy- (tt ' the fomt · of M edi,trn · 1'erm Fiscal Policy Sllatimlent. imludin I the targets for the fiscal paramekin,'- under -tioa "o; th? form of the Fiscal Policy Sttategy .. Statement ulldor.sq:,tion 7; the f'orins ror disclosure under sub-section (2Jof IOCtioll'9; ---------- 7 '(d) tho moasurcs to enforce compliance ; (c) the manner of review of compliance of the provisions of this Act -by the i.Ddepeadcmt agency under section 10; and (f) any other matter which is required to be, or may be, prescribed,

Section 10 – The Manipur Fiscal Responsibility and Budget Management Act, 2005 | DailyLaw.ai