THE FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT ACT, 2003

ACT No. 39 OF 2003 · Enacted [26th August, 2003.] · 14 sections

Section 1.Short title, extent and commencement.

Section 2.Definitions.

Section 3.Fiscal policy statements to be laid before Parliament.

Section 4.Fiscal management principles.

Section 5.Borrowing from Reserve Bank.

Section 6.Measures for fiscal transparency.

Section 7.Measures to enforce compliance.

Section 7A.Laying of review reports.

Section 8.Power to make rules.

Section 9.Rules to be laid before each House of Parliament.

Section 10.Protection of action taken in good faith.

Section 11.Jurisdiction of civil courts barred.

Section 12.Application of other laws not barred.

Section 13.Power to remove difficulties.