TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2012 Amends Fiscal Responsibility Act: New Definitions and Medium-term Expenditure Framework in Sections 2 and 3</h1> Chapter VI of the Finance Bill, 2012 proposes amendments to the Fiscal Responsibility and Budget Management Act, 2003. Clause 146 introduces new definitions in section 2, specifying 'effective revenue deficit' and 'grants for creation of capital assets.' Clause 147 amends section 3, requiring the inclusion of a Medium-term Expenditure Framework Statement as part of fiscal policy statements presented to Parliament. This statement will detail a three-year expenditure target, including major policy changes and contingent liabilities. Additional sub-sections mandate the presentation and content of this framework, ensuring transparency and detailed analysis of fiscal policies.
TaxTMI 
TaxTMI 
