(a) maintain State Government debt at prudent and sustainable level;
(b) manage guarantees and other contingent liabilities prudently, with particular reference to quality and level of such liabilities;
(c) ensure that borrowings are used for productive purposes and accumulation of capital assets, and are not applied to finance current expenditure;
(d) manage expenditure consistent with the level of revenue generated.
Section 4 • The Goa Fiscal Responsibility and Budget Management Act, 2006
4. Fiscal Management Principles.
goa-fiscal-responsibility-and-budget-management-act-2006-sec-4.json
•
Section 4
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