FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT ACT, 2003
An Act to provide for the responsibility of the Central Government to ensure intergenerational equity in fiscal management and long-term macro-economic stability by
[omitted]1
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.
BE it enacted by Parliament in the Fifty-fourth Year of the Republic of India as follows:—
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