The Bihar Fiscal Responsibility and Budget Management(Amendment) Act, 2016

(cid:4)(cid:4)ननबबंधंधनन ससं(cid:10)ं(cid:10) य याा पी0ट(cid:29)0-40 ॢबहह(cid:4)(cid:4)रर गजट [[सस(cid:3)(cid:3)धध(cid:3)(cid:3)ररणण [[कक(cid:8)(cid:8) ॢॢॢबबबहहह(cid:4)(cid:4)(cid:4)ररर सससरररककक(cid:4)(cid:4)(cid:4)ररर हहह(cid:4)(cid:4)(cid:4)ररर(cid:4)(cid:4)(cid:4) (cid:10)(cid:10)(cid:10)ककक(cid:4)(cid:4)(cid:4)०००शशशततत 2(cid:15) (cid:13)ावण 1(cid:25)3(cid:26) (cid:27)श0(cid:28) (स(cid:14)(cid:15) पटन(cid:4) (cid:19)(cid:19)3) पपटटनन(cid:4)(cid:4)(cid:29) वहृ (cid:19) प(cid:4)तवार(cid:29) 11 अग(cid:19) त 2(cid:15)1(cid:19) fof/k foHkkx ——— vf/klpw uk, a 11 vxLr 2016 lŒa ,y0th0&01&10@@22001166@145 yst% A&—ffccggkkjj ffoo//kkkkuu eeMaMa yy }}kkjjkk ;;FFkkkkiikkffjjrr ffuuEEuuffyyff[[kkrr vf/kfu;e] ftlij egkefge jjkkTT;;iikkyy ffnnuukkadad 1100 vxLr 2016 ddkk s s vvuueqeq ffrr nn s s ppqdqd ss ga]S bld s }kjk lloo&Z&Z llkk//kkkkjj..kk ddhh llpwpw uukk dd s s ffyy;; s s iizdzdkkff''kkrr ffdd;;kk ttkkrrkk gg S S AA ffccggkkjj&&jjkkTT;;iikkyy dd s s vvkknn's's kk ll]s]s eeuukktsts ddqeqekkjj]] lljjddkkjj dd s s ll;a;a qDqDrr lfpoA 2 ॢबह(cid:4)र गजट (cid:10)[स(cid:4)ध(cid:4)रण(cid:15)(cid:16) 11 अग(cid:19) त 2016 fcgkj jktdks"kh; mÙkjnkf;Ro vkSj ctV izca/ku ¼la'kks/ku½ vf/kfu;e] 2016 [ffffccccggggkkkkjjjj vvvvffff////kkkkffffuuuu;;;;eeee 9999]]]] 2222000011116666] izLrkoukA& jktdk"skh; leds u d s fy; s 14o sa foÙk vk;kxs }kjk ;Fkk vuq'kfalr iqujhf{kr :ij[s kk dk s ykx w dju s ,o a jktdk"skh; mÙkjnkf;Ro ,o a ctV icz /a ku izfØ;k dk s vkSj ikjn'khZ rFkk O;kid cuku s d s fy, jktdk"skh; y{;k sa e sa l'a kk/s ku dk mic/a k dju s gsrq fcgkj jktdk"skh; mÙkjnkf;Ro vkSj ctV icz /a ku vf/kfu;e] 2006 dk l'a kk/s ku dju s gsrq vf/kfu;e A Hkkjr x.kjkT; d s lM+lBo sa o"k Z e sa fcgkj jkT; fo/kku eMa y }kjk fuEufyf[kr :i e sa ;g vf/kfu;fer gk s %& 1- lafa{kIr uke] foLrkj ,oa izkjEHkA& ¼1½ ;g vf/kfu;e fcgkj jktdk"skh; mÙkjnkf;Ro vkSj ctV izc/a ku ¼l'a kk/s ku½ vf/kfu;e] 2016 dgk tk ldxs k A ¼2½ bldk foLrkj lia .w kZ fcgkj jkT; e sa gkxs k A ¼3½ ;g ml frfFk l s izo`Ùk gkxs k tk s jkT; ljdkj] vf/klpw uk }kjk] jkti= e sa bl fufer fu;r dj sa A 2- fcgkj vf/kfu;e 5] 2006 dh /kkjk&2 esa la'kks/kuA& fcgkj jktdk"skh; mÙkjnkf;Ro vkSj ctV izc/a ku vf/kfu;e] 2006 ¼fcgkj vf/kfu;e 5] 2006½ dh /kkjk&2 dh mi/kkjk ¼M½ d s ckn fuEufyf[kr ubZ mi/kkjk ¼<½ tkMs +h tk;xs h %& ^^¼<½ ^^C;kt Hkqxrku** l s vfHkizsr g S jkT; ljdkj dk vkarfjd _.k] dUs nz ljdkj l s jkT; ljdkj }kjk fy; s x; s dt Z ,o a vfxze ,o a ykds y[s kk e sa jkT; Hkfo"; fuf/k ,o a vU; nkf;Ro ij eyw /ku dh okilh l s fHkUu Hkqxr;s jkf'kA** 3- fcgkj vf/kfu;e 5] 2006 dh /kkjk&9 esa la'kks/kuA& fcgkj jktdk"skh; mÙkjnkf;Ro vkSj ctV izc/a ku vf/kfu;e] 2006 ¼fcgkj vf/kfu;e 5] 2006½ dh /kkjk&9 dh mi/kkjk ¼2½ dk [k.M ¼[k½ fuEufyf[kr }kjk izfrLFkkfir fd;k tk;xs k %& ^^¼[k½ (1) foÙkh; o"k Z 2016&17 l s 2019&20 dh vof/k e sa jkT; d s fy, jktdk"skh; ?kkVk y{;k sa vkSj okf"kdZ m/kkj lhekvk sa dk izfrKkiu fuEuor~ fd;k tkrk gS%& ¼I½ jkT; dk jktdk"skh; ?kkVk thŒ,lŒMhŒihŒ ¼ldy jkT; ?kjys w mRikn½ d s 3 ifzr'kr dh okf"kZd lhek rd fLFkjrk iznku dju s okyk gkxs kA jkT; bll s vf/kd dh lhek d s fy, fdlh Hkh o"kZ e]sa ftld s fy, m/kkj lhek, a fu;r dh tkuh gS] ;fn mldk _.k& thŒ,lŒMhŒihŒ vuqikr mld s fiNy s o"k Z e sa 25 izfr'kr l s de ;k mld s cjkcj gS] 0-25 izfr'kr dh ykps uh;rk o mnkjrk d s fy, ik= gkxs kA ¼II½ jkT; mDr o"kZ e sa ftld s fy, m/kkj lhek, a fu;r dh tkuh g]S ;fn mldk C;kt Hkqxrku mld s fiNYk s o"k Z e sa jktLo izkfIr;k sa dk 10 ifzr'kr l s de ;k mld s cjkcj gS] thŒ,lŒMhŒihŒ dk 0-25 izfr'kr dh vfrfjDr m/kkj lhek d s fy, Hkh ik= gkxs kA ¼III½ ykps uh;rk lca /a kh izko/kkuk sa d s v/khu jkT; mi;qZDr bfaxr nk s fodYi izkIr dj ldr s g Sa ;k rk s mi;qZDr e sa l s dkbs Z ,d ekun.M iwjk dju s ij dkbs Z Hkh mi;DqZ r fodYi ;k nkus k sa ekun.Mk sa dk s iwjk dju s ij nkus k sa fodYi ,d lkFkA bl idz kj fdlh fn, x, o"kZ e sa jkT; dk s vf/kdre jktdk"skh; ?kkVk thŒ,lŒMhŒihŒ d s 3-5 izfr'kr lhek rd izkIr gk s ldrk gSA ¼IV½ ,d fodYi ;k nkus k sa fodYik sa d s v/khu vfrfjDr lhek izkIr dju s d s fy, jkT; d s ikl ykps uh;rk rHkh miyC/k gkxs h ;fn mDr o"kZ e]sa ftle sa m/kkj lhek, a fu;r dh tkuh gS vkSj Bhd iwoZorhZ o"kZ e sa dkbs Z jktLo ?kkVk u gkAs (2) foÙkh; o"kZ 2016&17 l s 2018&19 d s chp foÙkh; o"kZ d s nkSjku e sa fdlh fof'k"V o"kZ e sa ldy jkT; ?kjys w mRikn d s 3 izfr'kr d s lkekU; jktdk"skh; ?kkV s d s foÙk ik"sk.k d s fy, viuh Lohd`r m/kkj lhek dk i.w kZ :Ik l s mi;kxs dju s e sa l{ke ugh a gksrk g S rk s ml s dsoy vxy s o"k Z e sa bl vuiq ;kfstr m/kkj jkf'k ¼ftldk :Ik; s e sa ifjdyu fd;k x;k gS½ dk s 14o sa foÙk vk;kxs dh ipa kV vof/k 2017&18 l s 2019&20 d s Hkhrj izkIr dju s dk fodYi gkxs kA vuiq ;kfstr m/kkj jkf'k lfgr ;g jkf'k thŒ,lŒMhŒihŒ d s 3-5 izfr'kr rd lhfer gkxs hA** fcgkj&jkT;iky d s vkn's k l]s eukts dqekj] ljdkj d s l;a qDr lfpoA "बहार गजट (असाधारण), 11 अग(cid:19) त 2016 3 11 vxLr 2016 l0a ,y0th0&01&10@2016@146@yts %A—fcgkj fo/kku eMa y }kjk ;Fkkikfjr vkSj egkefge jkT;iky }kjk fnukda 10 vxLr 2016 dk s vuqer fcgkj jktdks"kh; mÙkjnkf;Ro vkSj ctV izca/ku ¼la'kks/ku½ vf/kfu;e] 2016 dk fuEufyf[kr vxa zts h vuqokn fcgkj&jkT;iky d s izkf/kdkj l s bld s }kjk izdkf'kr fd;k tkrk gS] ftl s Hkkjrh; lfao/kku d s vuqPNns &348 d s [kMa ¼3½ d s v/khu mDr vf/kfu;e dk vxa zts h Hkk"kk e sa izkf/kd`r ikB le>k tk;xs k A fcgkj&jkT;iky d s vkn's k l]s eukts dqekj] ljdkj d s l;a qDr lfpoA The Bihar Fiscal Responsibility and Budget Management(Amendment) Act, 2016 [Bihar Act 9, 2016] AN ACT Preamble- To amend The Bihar Fiscal Responsibility and Budget Management Act, 2006 to provide amendment in fiscal targets as recommended by the 14th Finance Commission for application revised roadmap for fiscal consolidation and to make fiscal responsibility and budget management process more transparent and comprehensive. Be it enacted by the Legislature of the State of Bihar in the sixty seventh year of the republic of India as follows :- 1. Short title, Extent and Commencement - (1) This Act may be called The Bihar Fiscal Responsibility and Budget Management (Amendment) Act, 2016. (2) It shall extend to the whole of the State of Bihar. (3) It shall come into force on such date as the State Government may, by notification in the official Gazette, appoint in this behalf. 2. Amendment in section-2 of The Bihar Act 5, 2006.—The following new sub-section (n) after sub-section (m) of section-2 of the Bihar Fiscal Responsibility and Budget Management Act, 2006 (Bihar Act 5, 2006):- "(n) 'Interest Payment' means the amount payable other than refund of principal amount on the internal debt of the State Government, and loans and advances taken by the State Government from the Central Government and on State provident funds and other liabilities in the public account." 3. Amendment in section-9 of the Bihar Act 5, 2006.— Clause (b) of sub rule (2) of section- 9 of the Bihar Fiscal Responsibility and Budget Management Act, 2006 (Bihar Act 5, 2006) shall be substituted by the following :- "(b)(1) The fiscal deficit targets and annual borrowing limits for the State during the period 2016-17 to 2019-20 are enunciated as follows:- (I) Fiscal deficit of the State will be anchored to an annual limit of 3 percent of GSDP. The State will be eligible for flexibility of 0.25 percent over and above this for any given year for which the borrowing limits are to be fixed if the debt-GSDP Ratio is less than or equal to 25 percent in the preceding year. (II) The State will be further eligible for an additional borrowing limit of 0.25 percent of GSDP in a given year for which the borrowing limits are to be fixed if the interest payments are less than or equal to 10 percent of the revenue receipts in the preceding year. (III) The two options under these flexibility provisions can be availed by the State either separately, if any of the above criterion is fulfilled, or simultaneously if both the above stated criterion are fulfilled. Thus, the State can have a maximum fiscal deficit- GSDP limit of 3.5 percent in any given year. (IV) The flexibility for availing the additional limit under either of the two options or both will be available to the State only if there is no revenue deficit in the year in which borrowing limits are to be fixed and the immediately preceding year. 4 ॢबह(cid:4)र गजट (cid:10)[स(cid:4)ध(cid:4)रण(cid:15)(cid:16) 11 अग(cid:19) त 2016 (2) If the State is not able to fully utilize its sanctioned borrowing limit of 3 percent of GSDP in any particular year during the financial year between 2016-17 to 2018-19, it will have the option of availing this unutilized borrowing amount (calculated in Rs.) only in the following year within the Fourteenth Finance Commission award period of 2017-18 to 2019-20. The amount including unutilized borrowing amount will be limited to 3.5 of GSDP." By order of the Governor of Bihar, MANOJ KUMAR, Joint Secretary to Government. ———— [ध(cid:17)¡क(cid:16) स०चव(cid:4)लय म१(cid:27)ण(cid:4)लय(cid:16) ॢबह(cid:4)र(cid:16) पटन(cid:4) ह(cid:4)र(cid:4) (cid:31)क(cid:4)०शत eव # म१ॢ(cid:27)त? ॢबह(cid:4)र गजट (cid:10)[स(cid:4)ध(cid:4)रण(cid:15) 663%5'1+400%ड(cid:17)+ट,+प(cid:17)+? Website: http://egazette.bih.nic.in