TMI BlogAmendment of section 4.-Fiscal management principles.X X X X Extracts X X X X X X X X Extracts X X X X ..... take appropriate measures to limit the fiscal deficit upto three per cent. of gross domestic product by the 31st March, 2021; (b) endeavour to ensure that (i) the general Government debt does not exceed sixty per cent.; (ii) the Central Government debt does not exceed forty per cent., of gross domestic product by the end of financial year 2024-2025; (c) not give additional guarant ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ons, decline in real output growth of a quarter by at least three per cent. points below its average of the previous four quarters, may be allowed for the purposes of this section. (3) Any deviation from fiscal deficit target under sub-section (2) shall not exceed one-half per cent. of the gross domestic product in a year. (4) The Central Government shall, in case of increase in real output ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cal deficit up to three per cent. of Gross Domestic Product by the 31st March, 2021; endeavour to ensure that General Government debt and Central Government debt does not exceed sixty per cent. and forty per cent. respectively of Gross Domestic Product by the end of financial year 2024-2025; shall not give additional guarantee with respect to any loan on security of the Consolidated Fund of India ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t least one quarter per cent. of the Gross Domestic Product. It also provides that where fiscal deficit amount is varied from targets, a statement explaining the reasons thereof and the path of return to the annual target shall be laid before Parliament. - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - ta ..... X X X X Extracts X X X X X X X X Extracts X X X X
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