2983
Panaji, 21st March, 2022 (Phalguna 30, 1943)
SERIES I No. 51
Reg. No. RNP/GOA/32/2021-2023
RNI No. GOAENG/2002/6410
PUBLISHED BY AUTHORITY
GOVERNMENT OF GOA
Department of Law
Legal Affairs Division
__
Notification
8/1/2022-LA
The Goa Fiscal Responsibility and Budget
Management (Amendment) Ordinance,
2022 (Ordinance No. 1 of 2022), which has
been promulgated by the Governor of Goa
on 09-03-2022, is hereby published for
general information of the public.
D. S. Raut Dessai, Joint Secretary (Law).
Porvorim, 21st March, 2022.
———
The Goa Fiscal Responsibility and
Budget Management (Amendment)
Ordinance, 2022
(Ordinance No. 1 of 2022)
Promulgated by the Governor of Goa in the
Seventy-third Year of the Republic of India.
I, P. S. Sreedharan Pillai, Governor of Goa,
in the Seventy-third Year of the Republic
of India, promulgate “The Goa Fiscal
Responsibility and Budget Management
Suggestions are welcomed on e-mail: dir–[email protected]
EXTRAORDINARY
(Amendment) Ordinance 2022 (Ordinance No.
1 of 2022).
An Ordinance further to amend the Goa
Fiscal Responsibility and Budget Management
Act, 2006 (Goa Act 12 of 2006).
Whereas, due to methodology adopted by
the Fifteenth Finance Commission, the Ministry
of Finance, Government of India vide letter No.
40(2)PF-S/2020-21 dated 31-03-2021 has allowed
borrowing to the extent of 4% of GSDP for the
financial year 2021-22 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
(Amendment) Ordinance, 2022.