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Panaji, 10th November, 2020 (Kartika 19, 1942)

SERIES I No. 32

Reg. No. G-2/RNP/GOA/32/2018-2020

RNI No. GOAENG/2002/6410

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.

An Ordinance further to amend the Goa

Fiscal

Responsibility

and

Budget

Management Act, 2006 (Goa Act 12 of 2006).

Suggestions are welcomed on [email protected]

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 carrying 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.

OFFICIAL GAZETTE — GOVT. OF GOA

SERIES I No. 32

(EXTRAORDINARY No. 3)

10TH NOVEMBER, 2020

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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:—

“Provided that for the financial year

2020-21, additional fiscal deficit of 2% over

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and above 3% of the Gross State Domestic

Product (upto 5% of GSDP) shall be

permissible”.

BHAGAT SINGH KOSHYARI

Governor of Goa.

Place: RAJ BHAVAN.

Dated: 3-11-2020.