The Assam Fiscal Responsibility and Budget Management (Amendment) Act, 2017
Registered No.-768/97

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# THE ASSAM GAZETTE

##### EXTRAORDINARY

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###### PUBLISHED BY THE AUTHORITY

1 2 0 ^ ^ , ^ ^ , 5 4l£M ,2017, 15 5 ^ , 1939 (*l^)

No. 120 Dispur, Wednesday, Sth April, 2017, 15th Chaitra, 1939 (S.E.)

GOVERNMENT OF ASSAM

ORDERS BY THE GOVERNOR

LEGISLATIVE DEPARTMENT : : : LEGISLATIVE BRANCH

**NOTIFICATION**

The Sth April, 2017

**No. LGL.59/2005/75.- The following Act of the Assam Legislative Assembly which**

received the assent of the Governor on 30th March, 2017 is hereby published for general information.

**ASSAM ACT NO. XVII OF 2017**

**(Received the assent of the Governor on 30th March, 2017)**

**THE ASSAM FISCAL RESPONSIBILITY AND**

**BUDGET MANAGEMENT (AMENDMENT) ACT, 2017**


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892 THE ASSAM GAZETTE, EXTRAORDINARY, APRIL 5, 2017

#### AN
 ACT

further to amend the Assam Fiscal Responsibility and Budget
Management Act, 2005.

Preamble Whereas it is expedient further to amend the Assam Fiscal **Assam Act**

Responsibility and Budget Management Act, 2005, hereinafter No.XXVII
referred to as the principal Act, in the manner hereinafter appearing ; **of 2005.**

It is hereby enacted in the sixty-eighth Year of the Republic of

India as follows:-

Short title, 1. (1) This Act may be called the Assam Fiscal Responsibility and
extent and Budget Management (Amendment) Act, 2017-
commencement. (2) It shall have the like extent as the principal Act.

(3) It shall come into force at once.

Amendment of 2. In the principal Act, in section 4, in sub-section (3), for the
section 4- existing clause (v), the following shall be substituted,

namely:-

“(v) Anchor fiscal deficit of the State to an annual limit of 3 percent

of Gross State Domestic Product (GSDP) in any financial year-

**Explanation:** (a) For the purpose of this clause, the State

Government shall be,-

(i) eligible for flexibility of 0.25 percent over the borrowing limit
for any given year for which the borrowing limits are to be
fixed, if their debt-GSDP ratio is less than or equal to 25
percent in the preceding year;

(ii) eligible for an additional borrowing limit of 0.25 percent of
GSDP in a given year for which the borrowing limits are to be
fixed, if the interest payments are less than or equal to 10
percent of the revenue receipt in the preceding year ;

(b) The two options of flexibility provisions as mentioned in
Explanation (a) above can be availed of by the State
Government either separately if any of the above criteria is
fulfilled or simultaneously if both the above criteria are
fulfilled, to attain a maximum fiscal deficit-GSDP limit of 3.5
per cent in any given year ;

**(c)** The flexibility in availing the additional limit under either of
the two options or both as mentioned in Explanation (a) above
will be available to the State Government only if there is no
revenue deficit in the year in which borrowing limits are to be
fixed and the immediately preceding year.”

**S. M. BUZAR BARUAII,**

Commissioner & Secretary to the Government of Assam,

Legislative Department, Dispur.

GuwahatiPrinted and Published by the Dy. Director (P & S), Directorate of Printing & Stationery, Assam, Guwahati-21.

Ex. Gazette No. 239 -200+ 10 - 05 - 04-2017.


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