(a) "Annual Budget" means the annual financial statement laid before the House of State Legislature under Article 202 of the Constitution;
(b) "Current Year" means the year preceding the year for which budget and Medium Term Fiscal Plan (MTFP) are being presented;
(c) "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 Fund (excluding the debt receipts), during a financial year; or
(ii) total expenditure from the Consolidated Fund of the State (including loans but excluding repayment of debt) over own tax and non-tax revenue receipts, devolution and other grants from 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 financial year;
(d) "Fiscal Indicators" means the 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;
(e) "Previous Year" means the year preceding the current year;
(f) "Revenue Deficit" means the difference between revenue expenditure and revenue receipts; and
(g) "Total Liabilities" means the liabilities under the Consolidated Fund of the State and the public account of the State.
Section 2 • The Arunachal Pradesh Fiscal Responsibility (and Budget Management) Act, 2006
2. Definitions.
the-arunachal-pradesh-fiscal-responsibility-and-budget-management-act-2006-sec-2.json
•
Section 2
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"act_title": "The Arunachal Pradesh Fiscal Responsibility (and Budget Management) Act, 2006",
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"title": "2. Definitions.",
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"content": "(a) \"Annual Budget\" means the annual financial statement laid before the House of State Legislature under Article 202 of the Constitution;\n(b) \"Current Year\" means the year preceding the year for which budget and Medium Term Fiscal Plan (MTFP) are being presented;\n(c) \"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 Fund (excluding the debt receipts), during a financial year; or\n(ii) total expenditure from the Consolidated Fund of the State (including loans but excluding repayment of debt) over own tax and non-tax revenue receipts, devolution and other grants from 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 financial year;\n(d) \"Fiscal Indicators\" means the 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(e) \"Previous Year\" means the year preceding the current year;\n(f) \"Revenue Deficit\" means the difference between revenue expenditure and revenue receipts; and\n(g) \"Total Liabilities\" means the liabilities under the Consolidated Fund of the State and the public account of the State.",
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