Section 4(1) in The Fiscal Responsibility And Budget Management Act, 2003
(1)The Central Government shall take appropriate measures to reduce the fiscal deficit, revenue deficit and effective revenue deficit to eliminate the effective revenue deficit by the 31st March, 2018 and thereafter build up adequate effective revenue surplus and also to reach revenue deficit of not more than two per cent of Gross Domestic Product by the 31st March, 2018 and thereafter as may be prescribed by rules made by the Central Government.
