https://www.taxtmi.com/news?id=2873 Amendments to the Fiscal Responsibility and Budget Management Act introduce the Effective Revenue Deficit, defined as revenue deficit minus grants for creation of capital assets to reduce consumptive revenue shortfalls and free space for capital spending, and a Medium Term Expenditure Framework that sets a three year rolling target for expenditure indicators to guide multi year budgeting and prioritisation. en-us Fri, 16 Mar 2012 13:05:00 +0530 Fri, 16 Mar 2012 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2873 Amendments to the Fiscal Responsibility and Budget Management Act introduce the Effective Revenue Deficit, defined as revenue deficit minus grants for creation of capital assets to reduce consumptive revenue shortfalls and free space for capital spending, and a Medium Term Expenditure Framework that sets a three year rolling target for expenditure indicators to guide multi year budgeting and prioritisation. News - Fri, 16 Mar 2012 13:05:00 +0530 https://www.taxtmi.com/news?id=2873