Section 6(2) in The Gujarat Fiscal Responsibility Act, 2005
(2)In particular, and without prejudice to the generality of the foregoing provisions, the State Government shall, at the time of presentation of the budget, disclose in a statement in the form as may be prescribed,-(i)the significant changes in the accounting standards, policies and practices affecting or likely to affect the computation of fiscal indicators;(ii)the contingent liabilities created by way of guarantees, actual liabilities arising out of borrowings by Public Sector Undertakings and Special Purpose Vehicles and other equivalent instruments where liabilities for repayment is on the State Government having regard to the potential budgetary implications, off-budget borrowings, if any, and the committed liability in respect of major works and supply contracts;(iii)revenue demands raised but not realized; and(iv)the estimated yearly pension liabilities worked out on actual basis, for the next ten years, within such period as the State Government may, by order, specify.
