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338 ^(r)

,CH}IATTISGARH ACT

(No.3 of 2021)

TIIE CHHATTISGARH FISCAL RESPONSIBILITY AI\D BTJDGET MANAGEMENT

.

(AMEIIDMENT) ACT, ?fr20

An Act further to amend the Chhattisgarh Fiscal Responsibility and Budget

Management Act, 2005 (No. 16 of 2005).

Be it enacted by the Chhattisgarh Legislature in the Seventy First Year ofthe Republic

of India, as follows :-

_

1.

(l)

This Act may be called the Chhattisgarh Fiscal Responsibility and Short titte, extent

Budget Management (Amendment)Act, 2020 .

and commencement.

@

It shall extend to the whole State of Chhattisgarh.

(3)

It shall come into force with retrospective efilect from the lst day of March,

2020.

2.

After Section 3 of the Chhattisgarh Fiscal Responsibility and Budget Management Amendment of

Act,2005(No. 16 of 2005), the followingshallbeadded,namely'-

section 3.

"Provided that fiscal deficits for the financial years 20 I 9 -20 and,2020-2 I shall

not exceed five percent of Gross Domestic Producfi

Provided further that revenue deficit, fiscal deficit and total liabilities as

percentage of Gross Domestic Product may exceed the limits specified under this

provision on the ground or grounds ofunforeseen demands on the finances of the

State arising out of internal disturbance or natural calamity or such other excepional

grounds as the State Government may specifu."

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