https://www.taxtmi.com/news?id=49877 Off-budget borrowings expand State liabilities without legislative visibility, undermine fiscal transparency, and often bypass budgetary controls, yet are effectively State liabilities under Article 293(3). The CAG notes required disclosures under the Maharashtra Fiscal Responsibility and Budget Management framework, including Form B-6 of the Medium-Term Fiscal Policy Statement, were not made, and recommends comprehensive reporting of all liabilities in Budget and Accounts to ensure legislative scrutiny. en-us Fri, 18 Jul 2025 22:01:07 +0530 Fri, 18 Jul 2025 22:01:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=49877 Off-budget borrowings expand State liabilities without legislative visibility, undermine fiscal transparency, and often bypass budgetary controls, yet are effectively State liabilities under Article 293(3). The CAG notes required disclosures under the Maharashtra Fiscal Responsibility and Budget Management framework, including Form B-6 of the Medium-Term Fiscal Policy Statement, were not made, and recommends comprehensive reporting of all liabilities in Budget and Accounts to ensure legislative scrutiny. News - Fri, 18 Jul 2025 22:01:07 +0530 https://www.taxtmi.com/news?id=49877