TMI BlogMedium-term Expenditure Framework Statement laid in Parliament today;X X X X Extracts X X X X X X X X Extracts X X X X ..... Medium-term Expenditure Framework Statement laid in Parliament today; - News and Press Release Dated:- 10-8-2017 - News - Medium-term Expenditure Framework Statement laid in Parliament today; MTEF projections provide a focus to the spending Departments and also give a general direction to the Fiscal Management. The Medium-term Expenditure Framework Statement (MTEF) was laid in Parliamen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t in national capital today. The MTEF Statement sets forth a three-year rolling target for the expenditure indicators with specification of underlying assumptions and risks involved. The MTEF is essentially a vertical expansion of the aggregates of the expenditure projections in the fiscal framework presented along with the Annual Financial Statement and Demands for Grants. The objective of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... MTEF is to provide closer integration between Budget and the FRBM Statements. It provides medium term perspective to the fiscal management and furthers the Government s commitment towards fiscal consolidation. In FY 2016-17, an additional Statement giving demand wise revenue-capital breakup of expenditure over medium-term was annexed to the MTEF. To give a focus to the expenditure pattern and pro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... jections of the Government a scheme-wise projection in respect of some selected schemes which include all Centrally Sponsored Schemes and some Central Sector Schemes is also annexed with this year s MTEF statement. It is expected that these projections will provide a focus to the spending departments and also give a general direction to the fiscal management of the entire country. The document ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... can be accessed on http://dea.gov.in/sites/default/files/MTEF%202017-18%20uploaded_english.pdf . Section 3 of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003 requires the Government to place three Statements of Fiscal Policy viz., the Medium-term Fiscal Policy Statement, the Fiscal Policy Strategy Statement and the Macroeconomic Framework Statement in both the Houses of Parliamen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t along with Annual Financial Statement and Demands for Grants. This Section was amended to require the Government to lay a Fourth Statement viz., the Medium Term Expenditure Framework (MTEF) Statement in both the Houses of Parliament, immediately following the Session of the Parliament in which the Budget has been presented. - News - Press release - PIB Tax Management India - taxmanagementindi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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