https://www.taxtmi.com/acts?id=32216 Amendment mandates that the Central Government limit the fiscal deficit to three per cent of GDP by 31 March 2021, endeavour to keep general government debt 60% and Central Government debt 40% of GDP by 2024-2025, and not grant additional Consolidated Fund guarantees exceeding one half per cent of GDP in any year; it requires prescribed annual fiscal deficit reduction targets through 31 March 2021, permits specified escape grounds, caps deviations at one half per cent of GDP, mandates a fiscal tightening when quarterly growth outperforms by three percentage points, and requires laying explanatory statements and a return path before Parliament. en-us Mon, 19 Mar 2018 17:20:34 +0530 Mon, 19 Mar 2018 17:20:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32216 Amendment mandates that the Central Government limit the fiscal deficit to three per cent of GDP by 31 March 2021, endeavour to keep general government debt 60% and Central Government debt 40% of GDP by 2024-2025, and not grant additional Consolidated Fund guarantees exceeding one half per cent of GDP in any year; it requires prescribed annual fiscal deficit reduction targets through 31 March 2021, permits specified escape grounds, caps deviations at one half per cent of GDP, mandates a fiscal tightening when quarterly growth outperforms by three percentage points, and requires laying explanatory statements and a return path before Parliament. Act-Rules F. Acts / Amendment Acts Mon, 19 Mar 2018 17:20:34 +0530 https://www.taxtmi.com/acts?id=32216