Amendment status not verified — confirm the current text below against the official source.
Fiscal policy strategy statement.s-The Fiscal Policy .Stni,tcgy Statement iball be in such form as may be prescribed and shall contain, inler alia, (a) the fiscal policies of. th!' State Government . .ffJfthe ensuing financial . year relating to revenuereceipts, expenditure,borrowings and other liabilities. lending, investments, other contfogent iiabilities, user . tharges on publicgdods/iitmtfes and description: cif otl:ier activitica, . such as . guarantees artd ;activities of p"llblksecforuhdertakings which have potential budgetary implicationa; .. -·· . (b) the strategic _:pr.i.ori?jes ?f the . S,?at?Oovernmfnt lD the fiscal area for the ensuing financial year; · (c) the key fiscal measures and the rationale for any major deviation . . , im. 'fiscal measures pertaioiog to re:9crwo::toeeipts. ·stulf;icly.. ,t.tpe,idituro •. .. ,-,boc,towiligs·1and<user cba:r-,ges oa ptiblic ·:gt>O'ds/•llilitiea:;·•and,, , · . . • . . ' : ? - : . : .. ' -- I j ·; .- •••• I ,,t . . . . . f '(d) -an ev?tuatio?bribe current policiesor'tht's1aie·9?v,«r11mint ,Y!f??Jis the fiscal management principles set out in section' ,4;· t'he''fiacal objectivei\et• out :iri' the ?etliurif'T?rm 'Pii8i-f Micyfilatement in sub-section 1 of section 6 'anti rftsil?al"targets'' sct·0111 in; section I. f· :: 1?:· Fid"•·ta,o,t, . .-.(?) llhtr.State Ge.vcl'Q·D¥JDt Jn?Y }?tcscrjbe: auchtarscta u may· be 'dee'me1 .. neces?ary for giving effect ,ta- the fiscal JI]aR?gcr:nc:pt ?b??h'?•!r_,;., ?;·hat.?artic??;,. ?n?with?ut prcjudi?c :·to the g?ocraiii{' of lh?;i??egoinj Jr.ovisions,. the State. G?:wcrnm?nt,.•halb- (i) · itiive ·· to remain. revenue. surplus; by Jijaking . a. balance in rovcnv. .•.. ·*:· . "receipts arid ,?cnditure acd build URfurt?cI _su1?u?; (li) strive. t6 ;·brini do Wi'l fi?cal' 'deficit to' 3 %' 'of lGr.ogs. State; Domestic n.1b i, d .. u''c-t·', ,:, · rr ,: ..... ;. (iii) limit the amount of outstanding Goverament guarantee? aa per•t?kt provisions of the ?anipur Ceiling on State Government Guarantee, •• J . . -. . . :.· ,. • ' ' ' • • ,· !' / /' ... , Act, 2004; .· . . . . . . . · .. . . - ! . ; . ,.-_\.-; . ' . . . ; ·, ., ' (iv) , follow 'a recruitment a?;-w,g? policy., in ·11:mann? sµ?h th,t tho· total· salary bill ret•Cive to revenue expenditure excluding . intcfest ' • t' • '".'' ,.- .·· I payments and pensions does not exceed .3?,per cent: -? . ·.· . ; '. . . ' ' . ; '.. . '. Provided that revenue surplus may not be able to be maintained or/and fiscal deficit may,?exceed the ·limits specified under this section due to g,rpu?d M t;roundg of unforeseen demands on the finances of the Sta?c;,:Government arising out· of national .security or· namral calamity .,i,ncludiog famine ·relief tr such other exceptional circumstances, beyond the control. of the State. Government Provided further· tha'i a statement iii respect of the: ground or grounds apecificdr. iri tfie . first proviso shall be placed before the· House of. the Legislature, ai··soon a?;;maybe?after such deficit amount exceeds the. aforesaid targets or/ and the. revenue surplus is not maintained.