Section 3 in The Goa Fiscal Responsibility and Budget Management Rules, 2007
3. Medium Term Fiscal Plan.
(1)The Medium Term Fiscal Plan, as required under sub-section (1) of section 3, of the Act shall include in Form F-1 three years rolling targets in respect of the following fiscal indicators:(a)Revenue deficit as a percentage of TRR;(b)Fiscal deficit as a percentage of GSDP;(c)Outstanding total liabilities as a percentage of GSDP;(d)Ratio of Interest payment to total revenue receipt.(2)The Medium Term Fiscal Plan shall also explain the assumptions underlying the abovementioned targets for fiscal indicators and an assessment of sustainability relating to the items indicated in sub-section (3) of section 3 of the Act.(3)The Medium Term Fiscal Plan shall contain the medium term fiscal objectives of the Government, the evaluation of performance of the prescribed fiscal indicators etc., as indicated in sub-section (4) of section 3 of the Act, in the Form F-2.
