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[Cites 0, Cited by 0] [Section 4(2)] [Section 4] [Entire Act]

State of Tamilnadu - Subsection

Section 4(2)(a) in Tamil Nadu Fiscal Responsibility Act, 2003

(a)reduce the ratio of revenue deficit to revenue receipt every year by three per cent, to five per cent, depending on the economic situation in that year to a level [not exceeding five per cent by 31st March 2016, eliminate revenue deficit by 2016-2017] and adhere to it thereafter;