Section 12
Application of other laws not barred.
The Fiscal Responsibility and Budget Management Act, 2003
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.
The provisions of this Act shall be in addition to, and
not in derogation of, the provisions of any other law for the time being in force.