Section 3(4) in Maharashtra Fiscal Responsibility and Budgetary Management Act, 2005
(4)The Fiscal Policy Strategy Statement shall, inter-alia, contain,-(a)the policies of the State Government for the ensuing financial year relating to taxation, expenditure, borrowings and other liabilities, lending and investments, description of other activities such as underwriting and guarantees which have potential budgetary and fiscal implications;(b)the strategic priorities of the State Government for the ensuing financial year in the fiscal area;(c)the key fiscal policies and rationale for any major deviation in fiscal measures pertaining to taxation and expenditure;(d)an evaluation as to how the current policies of the State Government are in conformity with the fiscal management principles set out in section 5 and the objectives set out in the Medium-term Fiscal Policy Statement.
