The Haryana Fiscal Responsibility and Budget Management (Amendment) Act, 2005 Complete Act - Bare Act

AN

ACT

Further to amend the Haryana Fiscal Responsibility and Budget Management Act. 2005.

Be it enacted by the Legislature of the State of Haryana in the Fifty-sixth Year of the Republic of India as follows :--

This Act may be called the Haryana Focal Responsibility and Budget Management (Amendment Act. 2005.

In Section 2 Of the Haryana Fiscal Responsibility and Budget Management Act. 2005 (hereinafter called the principal Act).--

(i) the existing clause (a) shall be re-numbered as clause (aa) (hereof and before the clause so re-nurnbered, the following clause shall be inserted, namely:--

(a) "aided institution employee" means a person in the wholetime employment of any primary school, secondary school, college, university or technical education institution recognised and aided by the State Government for payment of salary, etc.":

(ii) after clause (i), following clause shall be inserted, namely:--

'(jj) "public sector employee" means a person in the wholetime employment of any public sector undertaking including boards and corporations of the State of Haryana and drawing salary from the concerned institute;

In sub-section (2) of section 9 of the principal Act.--

(i) for the existing clauses (a) and (b), the following clauses shall be substituted, namely :--

"(a) bring out annual reduction in revenue deficit from the financial year 2005-06, so as to bring it down to zero by 2008-09 and generate revenue surplus thereafter;

(b) bring out annual reduction in fiscal deficit from the financial year 2005-06, so as to bring it down to 3% of GSDP by the year ending March.(SICK).

(ii) in clause (c), in the second proviso, for the sign " " existing at the end, the sign ";" shall be substituted, and

(iii) after clause (c), the following clauses shall be added at the end, namely :--

"(d) bring out annual statement giving prospects for the State's economy and related fiscal strategy; and

(e) bring out special reports along with the budget giving details of number of employees in Government, public sector and aided Institutions and their related salaries."

In sub-section (5) of section II of the principal Act, the words "independent of the Slate Government" shall he omitted.