Section 5(3) in The Assam Fiscal Responsibility and Budget Management Act, 2005
(3)The State Government shall at the time of presentation of the Annual Budget disclose in a statement in the form as may be prescribed:(a)the key fiscal indicators including those mentioned in Section 4 (3);(b)the significant changes in the accounting standards, policies and practices likely to affect the computation of the fiscal indicators;(c)as far as practicable and consistent with public interest, the contingent liabilities of State Government created by way of guarantee, actual liabilities arising out of borrowings giving the outstanding amounts of principal, interest and also the outstanding liabilities in respect of works and supplies under each Department.
