Section 11(3)(b) in The Jammu and Kashmir Fiscal Responsibility and Budget Management Act, 2006

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State of Jammu-Kashmir - Subsection

Section 11(3)(b) in The Jammu and Kashmir Fiscal Responsibility and Budget Management Act, 2006

(b)Where owing to unforeseen circumstances, any deviation is made in meeting the obligations cast on the Government under the Act, the Minister of Finance shall make a statement in each House of the State Legislature explaining-

(i)any deviation in meeting the obligations cast on the Government under the Act;

(ii)whether such deviation is substantial and relates to actual or the potential budgetary outcomes; and

(iii)the remedial measures the Government proposes to take.

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State of Jammu-Kashmir - Subsection

Section 11(3)(b) in The Jammu and Kashmir Fiscal Responsibility and Budget Management Act, 2006