Section 6(ix) in The M.P. Gram Panchayats (Budget Estimates) Rules, 1997
(ix)The closing balance lo be provided in the budget shall not be less than five per cent of the estimated receipts of the Gram Panchayat from taxes, cess, etc., collected under the provision of Chapter IX of the Act, without taking into consideration the Grant-in-aid or loans that may be received from State Government Zila Panchayat or Janpad Panchayat for specific purposes.
