Fiscal Responsibility and Budget Management Act,2003

Act No : 39

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Section : POWER TO MAKE RULES

SECTION 08: POWER TO MAKE RULES

(1) The Central Government may, by notification in the Official Gazette, make rules for carrying out the provisions of this Act.

(2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely:—

(a) the annual targets to be specified under sub -section (2) of Section 4;

(b) the fiscal indicators to be prescribed for the purpose of sub-section (2) of Section 3;

(c) the forms of the Medium-term Fiscal Policy Statement, Fiscal Policy Strategy Statement and Macro - economic Framework Statement referred to in sub-section (7) of Section 3;

(d) the disclosures and form in which such disclosures shall be made under sub- section (2) of Section 6;

(e) any other matter which is required to be, or may be, prescribed.

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