Fiscal Responsibility Act deadline extension adjusts statutory compliance date into the subsequent fiscal year for affected provisions. The Finance (No. 2) Act, 2004 amends the Fiscal Responsibility and Budget Management Act, 2003 by substituting the earlier prescribed terminal date with a ... Summary
Fiscal Responsibility Act deadline extension adjusts statutory compliance date into the subsequent fiscal year for affected provisions.
The Finance (No. 2) Act, 2004 amends the Fiscal Responsibility and Budget Management Act, 2003 by substituting the earlier prescribed terminal date with a later prescribed date at both places in the provision, thereby shifting the statutory deadline while leaving the provision's substantive wording intact.
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