Fiscal reporting: shift to half-yearly reporting while mandating a monthly statement of government accounts regime. Amendments to section 7 substitute reporting 'every quarter' with reporting 'on half-yearly basis,' insert that the Central Government shall prepare a monthly statement of its accounts, and replace the phrase referencing 'pre-specified levels mentioned in the Fiscal Policy Strategy Statement and the rules made under this Act' with 'prescribed levels.'
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Fiscal reporting: shift to half-yearly reporting while mandating a monthly statement of government accounts regime.
Amendments to section 7 substitute reporting "every quarter" with reporting "on half-yearly basis," insert that the Central Government shall prepare a monthly statement of its accounts, and replace the phrase referencing "pre-specified levels mentioned in the Fiscal Policy Strategy Statement and the rules made under this Act" with "prescribed levels."
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