Amendment status not verified — confirm the current text below against the official source.
Fiscal Management Targets.& In particular and without prejudice to the generality of the foregoing provisions, the State Government shall & 5(a) achieve zero revenue deficit target from financial year 2011-12 and thereafter maintain it or attain revenue surplus; 6(b) achieve fiscal deficit of 3 percent of Gross State Domestic Product by financial year 2011-12 and thereafter maintain the said ratio or reduce it; 7 8 9(c) restrict its total outstanding debt up to 38.2 per cent of Gross State Domestic Product within a period of six years, beginning from the 1st day of April 2020, and ending on the 31st day of March 2026 and thereafter maintain the said ratio or reduce it; (d) ensure to bring out annual statement giving prospects for the State economy and related fiscal strategy; 5 Clause (a) of section 6 substituted by Act No. 11 of 2011 vide Notification dated 31.03.2011 (come into force at once) 6 Clause (b) of section 6 substituted by Act No. 11 of 2011 vide Notification dated 31.03.2011 (come into force at once) 7 Clause (c) of section 6 substituted by Act No. 18 of 2011 vide Notification dated 14.09.2011 (w.e.f. 31.03.2011) 8 Clause (c) of section 6 substituted by The Rajasthan Finance Act No. 5 of 2016 vide Notification dated 09.04.2016 9 Clause (c) of section 6 substituted by The Rajasthan Finance Act No. 3 of 2021 vide Notification dated 25.03.2021 6 (e) ensure to bring out special statement along with the budget giving in detail number of employees in Government, Public Sector and Aided institutions and related salary;10 11(f) ensure that total outstanding Government Guarantee on 31.03.2017 shall not exceed 70 per cent of estimated receipts in the Consolidated Fund of State in financial year 2016-17 and thereafter, total outstanding Government Guarantee at the end of each financial year shall not exceed 60 per cent of estimated receipts in the Consolidated Fund of State in that financial year: 12 Provided that revenue deficit and fiscal deficit may exceed the limits specified under this section- (a) due to ground or grounds of unforeseen demands on the finances of the state Government arising out of national security or natural calamity including drought relief or such other exceptional circumstances beyond the control of the State Government; or (b) due to developmental and other unavoidable expenditure; or (c) up to the limits indicated by the Central Government from time to time; or13 14(d) due to take-over of loans of the Power Distribution Companies and interest thereon under the Ujwal DISCOM Assurance Yojana promulgated by the Government of India in the Ministry of Power vide Office Memorandum No. 06/02/2015-NEF/FRP dated 20th November, 2015; or15 16(e) due to additional borrowing limit allowed by the Central Government on account of Covit-19 pandemic; or17 10 Punctuation mark : substituted by The Rajasthan Finance Act No. 5 of 2016 vide notification dated 09.04.2016 11 Clause (f) of section 6 inserted by The Rajasthan Finance Act No. 5 of 2016 vide notification dated 09.04.2016 12 First proviso of section 6 substituted The Rajasthan Finance Act No.13 of 2009 vide notification dated 12.08.2009 13 Punctuation mark : substituted by The Rajasthan Finance Act No. 5 of 2016 vide notification dated 09.04.2016 14 Clause (d) of section 6 inserted by The Rajasthan Finance Act No. 5 of 2016 vide notification dated 09.04.2016 15 Punctuation mark : substituted by The Rajasthan Finance Act No. 3 of 2021 vide notification dated 25.03.2021 16 Clause (e) of section 6 inserted by The Rajasthan Finance Act No. 3 of 2021 vide notification dated 25.03.2021 17 Punctuation mark : substituted by Act No. 13 of 2021 vide notification dated 28.09.2021 7 18 19(f) due to additional borrowing of 0.50 per cent of Gross State Domestic Product, allowed by Central Government based on performance criteria in the power sector and/or for any other specific purpose: Provided further that the excess beyond limits arising due to the grounds mentioned in the first proviso shall be explained with a detailed statement on the said grounds, as soon as possible, before the House of the State Legislature. 20 21 226A. Rajasthan Development and Poverty Alleviation Fund.& (1) There shall be created a fund called “Rajasthan Development and Poverty Alleviation Fund” (hereinafter referred to as the Fund) in the Public Account of the State. 23(2) The own tax receipts of the State in any year in excess of 17.5% over previous year and any other revenue receipts, as the State Government may think fit, shall, if the State Legislature by appropriation made by law in this behalf so provides, be credited to the Fund in the ensuing year. (3) The Fund may be used by the State Government only for the following purposes:- (a) to meet revenue or capital expenditure in a year wherein tax receipts of the State, comprising of its own taxes and share in central taxes, are estimated to be less than 10% over the previous year; (b) to meet expenditure on developmental schemes or poverty reduction programmes. (4) The Fund shall not be used for meeting non-developmental or establishment expenditure as defined by Controller and Auditor General of India. 18 Clause (f) of section 6 inserted by Act No. 13 of 2021 vide notification dated 28.09.2021 19 Clause (f) of section 6 substituted by The Rajasthan Finance Act, 2025 vide notification dated 28.3.2025 20 Section 6A inserted by The Rajasthan Finance Act No. 4 of 2007 vide notification dated 10.04.2007 21 Section 6A deleted by The Rajasthan Finance Act No. 13 of 2009 vide notification dated 12.08.2009 22 Section 6A inserted by The Rajasthan Finance Act No. 14 of 2014 vide notification dated 31.07.2014 23 Sub-section (2) of section 6A substituted w.e.f. 01.01.2015 by The Rajasthan Finance Act No. 5 of 2016 vide notification dated 09.04.2016 8