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The Fiscal Responsibility and Budget Management Act, 2003
[Act No. 39 of 2003]
[26th August, 2003.]
Contents
Title
Fiscal Responsibility and Budget Management Act, 2003
Sections
Particulars
1.
Short title, extent and commencement
2.
Definitions
3.
Fiscal policy statements to be laid before Parliament
4.
Fiscal management principles
5.
Borrowing from Reserve Bank
6.
Measures for fiscal transparency
7.
Measures to enforce compliance
7A.
Laying of review reports
8.
Power to make rules
9.
Rules to be laid before each House of Parliament
10.
Protection of action taken in good faith
11.
Jurisdiction of civil courts barred
12.
Application of other laws not barred
13.
Power to remove difficulties
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