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Uttar Pradesh Extraordinary Gazette · Government of Uttar Pradesh

Uttar Pradesh Fiscal Responsibility and Budget Management (Amendment) Bill, 2025

Published 26 August 2025

Department
Vidhan Sabha Sachivalaya Uttar Pradesh
Type
Extraordinary
Notification no.
1806/वि0स0/संसदीय/71(सं )-2025
Subdepartment
Sansadiya Anubhag
Identifier
in.gazette.uttarpradesh_extraordinary.2025-08-26.c_202509111403051877
Languages
English, Hindi
Published at
Original source ↗

click here for IIIF manifest

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IN pursuance of the provisions of clause (3) of Article 348 of the Constitution, the Governor is pleased to order the publication of the following English translation of the "Uttar Pradesh Rajkoshiya Uttardayitva aur Budget Prabandh (Sanshodhan) Vidheyak, 2025" introduced in the Uttar Pradesh Legislative Assembly on August 13, 2025.

THE UTTAR PRADESH FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT (AMENDMENT) BILL, 2025

A

BILL

further to amend the Uttar Pradesh Fiscal Responsibility and Budget

Management Act, 2004.

IT IS HEREBY enacted in the Seventy-sixth Year of the Republic of India as

follows:-

Short title 1. This Act may be called the Uttar Pradesh Fiscal Responsibility and Budget

Management (Amendment) Act, 2025.

Amendment of 2. In Section 4 of the Uttar Pradesh Fiscal Responsibility and Budget

Section 4 of Management Act, 2004, in sub-section (3), in clause (c), after the proviso, the following

U.P. Act no. 5 proviso shall be inserted, namely: -

of 2004 "Provided further that an additional annual loan limit of 0.50 percent

of Gross State Domestic Product (GSDP) will be available in the financial

year 2025-2026 based on the performance criteria in the energy sector."

————

STATEMENT OF OBJECTS AND REASONS

The Uttar Pradesh Fiscal Responsibility and Budget Management Act, 2004 (U.P. Act No. 5 of 2004) has been enacted to provide for the responsibility of the State Government to ensure fiscal stability and sustainability and to enhance the scope for improving social and physical infrastructure and human development by achieving sufficient revenue surplus, reducing fiscal deficit and removing impediments to the effective conduct of fiscal policy and prudent debt management through limits on State Government borrowings, Government guarantees, debt and deficit, greater transparency in fiscal operations of the State Government and use of a medium term fiscal framework.

2. In the letter No. 40(1)/PF-S/2025-26, Dated April 4, 2025 of the Department of Expenditure, Ministry of Finance, Government of India, it has been mentioned on the basis of the criteria of performance in the energy sector, the approval of additional annual loan limit of 0.50 percent of the Gross State Domestic Product (GSDP) to the State has been extended till the financial year 2025-2026. Therefore, it155 RPH-2024 (Busgut Prabandhan– Sansadiya folder-2022)-2025- Data 7e 4 mRrj izns'k vlk/kkj.k xtV] 26 vxLr] 2025 has been decided to amend clause (c) of sub-section (3) of Section 4 of the Uttar Pradesh Fiscal Responsibility and Budget Management Act, 2004.

The Uttar Pradesh Fiscal Responsibility and Budget Management (Amendment) Bill, 2025 is introduced accordingly.

SURESH KUMAR KHANNA

Mantri,

Vitt.

–––––––

By order,

J. P. SINGH-II, Pramukh Sachiv.

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Cite this issue. Uttar Pradesh Extraordinary Gazette, Government of Uttar Pradesh, 26 August 2025. Indian Gazettes, https://egazette.servantsofknowledge.in/details/in.gazette.uttarpradesh_extraordinary.2025-08-26.c_202509111403051877/. Archive identifier in.gazette.uttarpradesh_extraordinary.2025-08-26.c_202509111403051877.