Amendment status not verified — confirm the current text below against the official source.
Short title and commencement (1) This Act may be called the Mizoram Fiscal Responsibility and Budget Management (Amendment) Act, 2011. (2) It shall come into force from the date of its publication in the Mizoram Gazette. In clause (4) of Section 6 of the Principal Act, the following shall be substituted, namely:- “(4) reduce fiscal deficit annually at a percentage of Gross Domestic Product so as to reach the goal set out in clause (2) with the following rates of annual reduction -7.5% in 2010-11, 6.4% in 2011-12, 5.2% in 2012-13, 4.1% in 2013-14 and 3.0% in 2014-15”