The Tamil Nadu Fiscal Responsibilty Act 2003
tamil-nadu · 2003
- S. 1Short title and commencement
- S. 2Definitions
- S. 3Medium Term Fiscal Plan to be laid before the Legislature
- S. 4Section 4 mandates Tamil Nadu's government to manage fiscal deficits, revenue deficits, and debt sustainably, with specific targets for reduction and maintenance.
- S. 5Section mandates State Government to ensure fiscal transparency in budget preparation and disclose significant changes, contingent liabilities, and employee details.
- S. 6Section 6 enforces fiscal responsibility by requiring budget consistency, half-yearly reviews, and remedial measures for deviations.
- S. 7Power to make rules (1) The State Government may make rules to carry out all or any of the purposes of this Act
- S. 8Section protects state government officials from legal action for good faith actions under the Act.
- S. 9Application of other laws not barred
- S. 10Power to remove difficulties