(a) "budget" means the annual financial statement laid before the Legislative Assembly under article 202 of the Constitution of India;
(b) "current year" means the financial year preceding the ensuing year;
(c) "ensuing year" means the financial year for which the budget is being presented;
(d) "financial year" means the year beginning on the 1st April and ending on 31st March next following;
(e) "fiscal deficit" means the excess of,-
(i) total disbursements from the Consolidated Fund of the State (excluding repayment of debt) over total receipts into the Consolidated Fund excluding the debt receipts during a financial year;
(ii) total expenditure from the Consolidated Fund of the State (including loans and advances but excluding debt repayment) over own tax and non-tax revenue receipts, devolution and other grants from the Government of India to the State, and non-debt capital receipts during a financial year which represents the borrowing requirements, net of repayment of debt of the State Government during the financial year;
(f) "fiscal indicators" means the measures such as numerical ceilings and proportions to gross State domestic product, as may be prescribed, for evaluation of the fiscal position of the State Government;
(g) "Government" means the Government of Goa;
(h) "Legislative Assembly" means the Legislative Assembly of the State of Goa;
(i) "prescribed" means prescribed by rules made under this Act;
(j) "revenue deficit" means the difference between revenue expenditure and revenue receipts;
(k) "State" means the State of Goa;
(l) "total liabilities" means the liabilities under the Consolidated Fund of the State and the Public Account of the State.
Section 2 • The Goa Fiscal Responsibility and Budget Management Act, 2006
2. Definitions.
goa-fiscal-responsibility-and-budget-management-act-2006-sec-2.json
•
Section 2
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"title": "2. Definitions.",
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"content": "(a) \"budget\" means the annual financial statement laid before the Legislative Assembly under article 202 of the Constitution of India;\n(b) \"current year\" means the financial year preceding the ensuing year;\n(c) \"ensuing year\" means the financial year for which the budget is being presented;\n(d) \"financial year\" means the year beginning on the 1st April and ending on 31st March next following;\n(e) \"fiscal deficit\" means the excess of,-\n(i) total disbursements from the Consolidated Fund of the State (excluding repayment of debt) over total receipts into the Consolidated Fund excluding the debt receipts during a financial year;\n(ii) total expenditure from the Consolidated Fund of the State (including loans and advances but excluding debt repayment) over own tax and non-tax revenue receipts, devolution and other grants from the Government of India to the State, and non-debt capital receipts during a financial year which represents the borrowing requirements, net of repayment of debt of the State Government during the financial year;\n(f) \"fiscal indicators\" means the measures such as numerical ceilings and proportions to gross State domestic product, as may be prescribed, for evaluation of the fiscal position of the State Government;\n(g) \"Government\" means the Government of Goa;\n(h) \"Legislative Assembly\" means the Legislative Assembly of the State of Goa;\n(i) \"prescribed\" means prescribed by rules made under this Act;\n(j) \"revenue deficit\" means the difference between revenue expenditure and revenue receipts;\n(k) \"State\" means the State of Goa;\n(l) \"total liabilities\" means the liabilities under the Consolidated Fund of the State and the Public Account of the State.",
"footnote": "",
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