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 Act 2018 amends Fiscal Responsibility Act, setting fiscal deficit limit at 3% of GDP by 2021.</h1> The amendment to the Fiscal Responsibility and Budget Management Act, 2003, under the Finance Act, 2018, revises section 4 to establish fiscal management principles for the Central Government. It mandates limiting the fiscal deficit to 3% of GDP by March 31, 2021, and aims to keep general government debt below 60% and central government debt below 40% of GDP by the 2024-2025 financial year. Additional loan guarantees from the Consolidated Fund of India are capped at 0.5% of GDP annually. Exceptions for exceeding targets are allowed for national security, calamities, and economic reforms. Deviations must be justified to Parliament.
TaxTMI 
TaxTMI 
