Section 7A

Laying of review reports.

The Fiscal Responsibility and Budget Management Act, 2003

  • Act 39 of 2003
  • Ministry of Finance
  • Department of Economic Affairs
About this Act

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.

All sections
    1[7A. Laying of review reports.--The Central Government may entrust the Comptroller and Auditor-General of India to review periodically as required, the compliance of the provisions of this Act and such reviews shall be laid on the table of both Houses of Parliament.]

Notes

1. Ins. by Act 23 of 2012, s. 149 (w. e. f. 28-5-2012).
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