Section 4(2)(b) in The Fiscal Responsibility And Budget Management Act, 2003

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Union of India - Subsection

Section 4(2)(b) in The Fiscal Responsibility And Budget Management Act, 2003

(b)the annual targets of assuming contingent liabilities in the form of guarantees and the total liabilities as a percentage of gross domestic product: Provided that the revenue deficit , effective revenue deficit and fiscal deficit may exceed such targets due to ground or grounds of national security or national calamity or such other exceptional grounds as the Central Government may specify:

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Union of India - Subsection

Section 4(2)(b) in The Fiscal Responsibility And Budget Management Act, 2003