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Haryana Fiscal Responsibility and Budget Management (Amendment) Act, 2005

 

Sections

1. Short Title
2. Amendment of Section 2 of Haryana Act 6of 2005
3. Amendment of Section 9 of Haryana Act 6 of 2005
4. Amendment of Section 11 of Haryana Act 6 of 2005

Preamble.- 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:—

ACT No. 8 OF 2006

1. Short Title.-

(1) This Act may be called the Haryana Fiscal Responsibility and Budget Management (Amendment) Act, 2005.


2. Amendment of Section 2 of Haryana Act 6 of 2005.- In Section 2 of the Haryana Fiscal Responsibility and Budget Management (Amendment) 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-numbered, the following clause shall be inserted, namely:-

(a) "aided institution employee" means a person in the whole time employment of any primary school, secondary school, college, university OR technical education institution recognized and aided by the State Government for payment of salary etc.;

(ii) after clause (j), the following clause snail be inserted, namely:—

(JJ) “public sector employee” means a person in the whole time employment of any public sector undertaking including boards and corporations of the State of Haryana and drawing salary from the concerned institute;

3. Amendment of Section 9 of Haryana Act 6 of 2005.- In sub-section (2) of section 9 of the principal Act:

(i) for the existing clause (a) and (b), the fallowing 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, 2009”.;


(ii) in c1ause (c), in the second proviso, for the sign “_” existing ath the end, the sign “;” shall be substituted;
(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.”;

4. Amendment of Section 11 of Haryana Act 6 of 2005.- In sub-section (5) of section 11 of the principal Act, the words “Independent of the State Government” shall be omitted.

 

 
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