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Amendment of section 4.-Fiscal management principles.

Clause 210 - Bills - AMENDMENTS TO THE FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT ACT , 2003 - FINANCE BILL, 2018 - Clause 210 - 210. Amendment of section 4. For section 4 of the principal Act, the following section shall be substituted, namely:- Fi .....

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t 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 guarantees with respect to any loan on security of the .....

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tral Government shall prescribe the annual targets for reduction of fiscal deficit for the period beginning from the date of commencement of Part XV of Chapter VIII of the Finance Act, 2018 and ending on the 31st March, 2021: Provided that exceeding .....

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ecline 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 no .....

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he fiscal deficit by at least one-quarter per cent. of the gross domestic product in a year. (5) Where the fiscal deficit is allowed to vary from the target prescribed under the proviso to sub-section (2) or deviation is initiated under sub-section ( .....

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relating to fiscal management principles. It provides for substitution of section 4 so as to provide that the Central Government shall take appropriate measures to limit the fiscal deficit up to three per cent. of Gross Domestic Product by the 31st .....

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rantee with respect to any loan on security of the Consolidated Fund of India in excess of half per cent. of Gross Domestic Product in any financial year and ensure that such fiscal targets do not exceed after stipulated target dates. It further prov .....

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