The Fiscal Responsibility and Budget Management Act, 2003

Act ID: 200339
Act Number: 39
Enactment Date: 2003-08-26
Act Year: 2003
Short Title: The Fiscal Responsibility and Budget Management Act, 2003
Long Title: An Act to provide for the responsibility of the Central Government to ensure inter-generational equity in fiscal management and long-term macro-economic stability by achieving sufficient revenue surplus and removing fiscal impediments in the effective conduct of monetary policy and prudential debt management consistent with fiscal sustainability through limits on the Central Government borrowings, debt and deficits, greater transparency in fiscal operations of the Central Government and conducting fiscal policy in a medium-term framework and for matters connected therewith or incidental thereto.
Ministry: Ministry of Finance
Department: Department of Economic Affairs
Enforcement Date: 05-07-2004
Notification: 5th July, 2004, vide notification No. G.S.R. 395(E), dated 2nd July, 2004, see Gazette of India, Extraordinary, Part II, sec. 3(i).


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