Goa Gazette, No. 2021-32, 10 November 2020

RNI No. GOAENG/2002/6410 Reg. No. G-2/RNP/GOA/32/2018-2020

Panaji, 10th November, 2020 (Kartika 19, 1942) SERIES I No. 32 PUBLISHED BY AUTHORITY

EXTRAORDINARY

No. 3

GOVERNMENT OF GOA

Department of Law

Legal Affairs Division

Notification

8/12/2020-LA

The Goa Fiscal Responsibility and Budget Management (Second Amendment) Ordinance, 2020 (Ordinance No. 12 of 2020), which has been promulgated by the Governor of Goa on 03-11-2020, is hereby published for general information of the public.

D. S. Raut Dessai, Joint Secretary (Law).

Porvorim, 10th November, 2020.

_______

The Goa Fiscal Responsibility and Budget Management (Second Amendment) Ordinance, 2020

(Ordinance No. 12 of 2020)

Promulgated by the Governor of Goa in the Seventy-first Year of the Republic of India.

Whereas, due to unprecedented COVID-19

pandemic the revenue sources of the State

have been adversely affected and inorder to

augment the State revenue sources, the

Government of India has allowed additional

borrowing subject to carr ying out the

necessary amendments to the Goa Fiscal

Responsibility and Budget Management Act,

2006 (Goa Act 12 of 2006).

And whereas, the Legislative Assembly of

Goa is not in session and the Governor of

Goa is satisfied that circumstances exist

which render it necessary for him to take

immediate action.

Now, therefore, in exercise of the powers conferred by clause (1) of article 213 of the

Constitution of India, the Governor of Goa is

pleased to promulgate the following

Ordinance, namely:—

1. Short title and commencement.— (1) This

Ordinance may be called the Goa Fiscal

Responsibility and Budget Management

(Second Amendment) Ordinance, 2020.

(2) It shall be deemed to have come into force on the 1st day of June, 2020. An Ordinance further to amend the Goa Fiscal Responsibility and Budget Management Act, 2006 (Goa Act 12 of 2006). 1383 Suggestions are welcomed on [email protected] OFFICIAL GAZETTE — GOVT. OF GOA SERIES I No. 32 (EXTRAORDINARY No. 3) 10TH NOVEMBER, 2020

and above 3% of the Gross State Domestic Product (upto 5% of GSDP) shall be permissible".

2. Amendment of section 5.— In section 5 of the Goa Fiscal Responsibility and Budget Management Act, 2006 (Goa Act 12 of 2006), after clause (b), the following proviso shall be inserted, namely:—

BHAGAT SINGH KOSHYARI Governor of Goa.

Place: RAJ BHAVAN.

Dated: 3-11-2020.

"Provided that for the financial year 2020-21, additional fiscal deficit of 2% over

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