Amendment status not verified — confirm the current text below against the official source.
Power to remove difficulties 1THE PUNJAB FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT ACT, 2003 (Punjab Act No. 11 of 2003) [Received the assent of the Governor of Punjab on the 1st day ofMay, 2003, and was first published for general information in the Punjab Government Gazette (Extraordinary), Legislative Supplement dated the 5thMay, 2003.] 1 2 3 4 YEAR NO Short Title Whether repealed or otherwise affected by the legislation 2003 11 THE PUNJAB FISCAL RESPONSIBILTY AND BUDGET MANAGEMENT ACT, 2003 Amended by Punjab Act No. 1 of 2006 Amended by Punjab Act No. 8 of 2008 Amended by Punjab ActNo.5 of 2011 Amended by Punjab Act No. 6 of 2020 Amended by Punjab Act No. 11 of 2020 Amended by PunjabAct No. 3 of 2021 Amended by Punjab Act No. 2 of 2022 Amended by Punjab Act No. 15 of 2022 Amended by Punjab Act No. 9 of 2023 An Act to provide for the responsibility of the State Government to ensure inter-generational equity in fiscal management and long-term financial stability by achieving sufficient revenue surplus, containing fiscal deficit and prudential debt management consistent with fiscal sustainability through limits on the State Government borrowings, debt and deficits, greater transparency in fiscal operations of the State Government and conducting fiscal policy in a medium-term framework and for matters connected therewith or incidental thereto. Be it enacted by the Legislature of the State of Punjab in the Fifty-fourth Year of the Republic of India as follows: - 1For statement of Objects and Reasons, see Punjab Government Gazette (Extraordinary) dated the 25th June 2002,Page 1298