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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.