HARYANA GOVT. GAZ. (EXTRA.), MAR. 30, 2022 (CHTR. 9, 1944 SAKA)

63

PART - I

HARYANA GOVERNMENT

LAW AND LEGISLATIVE DEPARTMENT

Notification

The 30th March, 2022

No. Leg. 11/2022.— The following Act of the Legislature of the State of Haryana received

the assent of the Governor of Haryana on the 30th March, 2022 and is hereby published for

general information:–

HARYANA ACT NO. 11 OF 2022

THE HARYANA FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT

(AMENDMENT) ACT, 2022

AN

ACT

further to amend the Haryana Fiscal Responsibility and Budget Management Act, 2005.

Be it enacted by the Legislature of the State of Haryana in the Seventy-third Year of the

Republic of India as follows:–

1.

(1)

This Act may be called the Haryana Fiscal Responsibility and Budget Management

(Amendment) Act, 2022.

(2)

It shall be deemed to have come into force with effect from the 1st April, 2021.

Short title and

commencement.

2.

For clauses (a), (b) and (c) of sub-section (2) of section 9 of the Haryana Fiscal

Responsibility and Budget Management Act, 2005, the following clauses shall be substituted,

namely:-

“(a)

attain the revenue deficit as percentage to GSDP in vogue in that particular year as

recommended by the Central Finance Commission and approved by the

Government of India;

(b)

achieve the fiscal deficit as percentage to GSDP in vogue in that particular year as

recommended by the Central Finance Commission and approved by the

Government of India;

Amendment of

section 9 of

Haryana Act 6

of 2005.

(c)

ensure that the outstanding debt as percentage to GSDP in vogue in that particular

year as recommended by the Central Finance Commission and approved by the

Government of India:

Provided that revenue deficit and fiscal deficit may exceed the limits,

specified by the Government of India from time to time, on the ground of

unforeseen demands on the finances of the State Government arising out of internal

disturbance or natural calamity or national security or such other exceptional

ground as the State Government may specify:

Provided further that a statement in respect of the ground specified in the

first proviso shall be placed before the House of the State Legislature, as soon as

may be, after such deficit amount exceeds the targets;”.

BIMLESH TANWAR,

Administrative Secretary to Government,

Haryana, Law and Legislative Department.

9541—L.R.—H.G.P., Pkl.