(a) reduce revenue deficit by an amount equivalent to at least 0.32 percentage point of GSDP in each financial year, beginning from the Is' day of April 2005, so as to eliminate it by 31sl March 2009 and generate revenue surplus thereafter;
[(b) reduce fiscal deficit by an amount equivalent to at least 0.25 percentage point of Gross State Domestic Product in each financial year beginning from the 1st day of April, 2005, so as to bring it down to not more than 3 per cent; subject to the fiscal deficit limits fixed by the Government of India from time to time:
(c) ensure within a period of five years, beginning from the initial financial year on the 1st day of April 2005, and ending on the 31s1 day of March 2010, that the outstanding total liabilities do not exceed 35 per cent of the estimated GSDP for that year;
(d) limit the amount of annual incremental risk weighted guarantees to 90 per cent of the TRR in the year preceding the current year:
Section 9 • Andhra Pradesh Fiscal Responsibility and Budget Management Act, 2005
9. Fiscal Targets.
andhra-pradesh-fiscal-responsibility-and-budget-management-act-2005-sec-9.json
•
Section 9
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"content": "(a) reduce revenue deficit by an amount equivalent to at least 0.32 percentage point of GSDP in each financial year, beginning from the Is' day of April 2005, so as to eliminate it by 31sl March 2009 and generate revenue surplus thereafter;\n[(b) reduce fiscal deficit by an amount equivalent to at least 0.25 percentage point of Gross State Domestic Product in each financial year beginning from the 1st day of April, 2005, so as to bring it down to not more than 3 per cent; subject to the fiscal deficit limits fixed by the Government of India from time to time:\n(c) ensure within a period of five years, beginning from the initial financial year on the 1st day of April 2005, and ending on the 31s1 day of March 2010, that the outstanding total liabilities do not exceed 35 per cent of the estimated GSDP for that year;\n(d) limit the amount of annual incremental risk weighted guarantees to 90 per cent of the TRR in the year preceding the current year:",
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