[Cites 0, Cited by 0]

State of Punjab - Act

Punjab Fiscal Responsibility and Budget Management Rules, 2018

PUNJAB
India

Punjab Fiscal Responsibility and Budget Management Rules, 2018

Rule PUNJAB-FISCAL-RESPONSIBILITY-AND-BUDGET-MANAGEMENT-RULES-2018 of 2018

Published on 1 January 2018
Commenced on 1 January 2018
[This is the version of this document from 1 January 2018.]
[Note: The original publication document is not available and this content could not be verified.]

Punjab Fiscal Responsibility and Budget Management Rules, 2018Published vide Notification No. G.S.R.73/P.A.11/2003/S.7/2018G.S.R. No. 73/P.A.11/2003/S.7/2018. - In exercise of the powers conferred by sub-section (2) of section 7 of the Punjab Fiscal Responsibility and Budget Management Act, 2003 (Punjab Act No. 11 of 2003), and all other powers enabling him in this behalf, the Governor of Punjab is pleased to make the following rules, to carry out the purposes of the said Act, namely:-

1. Short title and commencement.

(1)These rules may be called the Punjab Fiscal Responsibility and Budget Management Rules, 2018.

(2)They shall come into force on and with effect from the date of their publication in the Official Gazette.

2. Definitions.

(1)In these rules, unless the context otherwise requires,-

(a)"Act" means the Punjab Fiscal Responsibility and Budget Management Act, 2003;

(b)"Form" means a Form appended to these rules; and

(c)"section" means a section of the Act.

(2)The Words and expressions used in these rules, but not defined, shall have the same meaning as assigned to them in the Act.

3. Medium term Fiscal Policy Statement. [Section 3(5) of the Act]

- The Medium term Fiscal Policy Statement to be laid by the State Government shall be in Form I.

4. Fiscal indicators. [Section 3(2) and 5(2)(a) of the Act]

- The State Government shall cause to lay a statement of fiscal indicators as per Form II.

5. Medium Term Expenditure Framework.

- The State Government may issue appropriate directions, as it deems fit, to any or all of its departments for the preparation of Medium Term Expenditure Framework providing for expected expenditure growth over 3-5 years. The framework shall include the measures contemplated by the department to rationalise its expenditure and reduce its expenditure.

(2)The concerned department shall, after the approval of its Medium Term Expenditure Framework by the State Government, ensure its implementation in the time period defined in the framework.

(3)The concerned department shall, in case of its failure to implement the Medium Term Expenditure Framework in the defined timeline, cause to lay a report before the State Legislature, containing reasons thereof for its failure and plan to achieve the said remaining targets and the time period to achieve it within one year of the completion of time period of the said Medium Term Expenditure Framework. The report shall specifically contain the comments of the State Government and action taken/proposed to be taken by the department, if any, on such comments.

(4)The State Government may, if it deems fit, advise any or all of its departments to prioritise gender, weaker sections based budgeting in its Medium Term Expenditure Framework.

6. Disclosures of statements. [Section 5(2) of the Act]

- The State Government shall cause to disclose the following statements at the time of the presentation of its annual budget before the Punjab Legislative Assembly, namely.-a) a statement showing the summary of the Financial Position of the State in Form III ;b) a statement showing the Analysis of State Tax Revenue in Form IV;c) a statement showing the Analysis of Non Tax Revenue in Form V;d) a statement showing the Analysis of Development Expenditure on Revenue Account in Form VI;e) a statement showing the Analysis of Non-Development Expenditure on Revenue Account in Form VII;f) a statement showing the Analysis of Receipts and Disbursements on Capital Account in Form VIII;g) a statement showing the Transfer of Resources from Centre to the State in Form IX;h) a statement showing the Central Assistance for Punjab in Form X;i) a statement showing the Analysis of Debt Position in Form XI;j) a statement showing the Number of employees in the Government/Public Sector Undertakings/Government aided institutions in Form XII;k) a statement showing the analysis of Expenditure on Salaries, Wages, Pension & Retirement Benefits and Interest in Form XIII; andl) a statement showing the Position of Outstanding Government Guarantee in Form XIV.

7. Review. [Section 6(1) of the Act]

- The State Government shall cause to lay the outcome of the review of the trends in receipt and expenditure in relation to the budget after every quarter before the Punjab Legislative Assembly in Form XV.

8. Periodic review by an independent external agency. [Section 6(7) of the Act]

- The State Government shall take up with Comptroller and Auditor General of India on annual basis, for periodic review of compliance of the provisions of the Act by the State Government.

9. Powers to relax. [Section 7 of the Act]

- Where the State Government is of the opinion that it is necessary or expedient so to do, it may by order, for reasons to be recorded in writing, relax any of the provisions of these rules with respect to any item or category of persons.

10. Interpretation. [Section 7 of the Act]

- If any question arises as to the interpretation of these rules, the State Government shall decide the same.Form I(see rule 3)Medium Term Fiscal Policy Statement of the State as per Section 3 of The Punjab Fiscal Responsibility and Budget Management Act, 2003

1. Revenue Deficit

The Revenue Deficit of the State for the year (BE) is as under:-

Year	Revenue Deficit (Rs. In Crore)	Percentage to GSDP

2. Fiscal Deficit

The Fiscal Deficit of the State for the year to is as under:-

Year	Revenue Deficit (Rs. In Crore)	Percentage to GSDP

3. Outstanding Debt

The Outstanding Debt of the State for the year to (BE) is as under:-

Year	Revenue Deficit (Rs. In Crore)	Percentage to GSDP

4. Performance evaluation

Year (AE)	Year (BE)	Year (RE)
FiscalIndicators
RD
FD

5. Fiscal consolidation stratigy:

a) Recommendations of Foutheen Finance Commission.b) Proposed legislations/policies relating to revenue generation and expenditure.

6. Any Other priorities/concerns

Form II(see rule 4)

	Fiscal Indicators
	Item	FY	FY	FY(RE)	FY(BE)	FY(Estimates)	FY(Estimates)	RemarksRemarks
1	2	3	4	5	6	7	8	9
1	Revenue Receipts
1.1	Share of Central Taxes
1.2	Grants from Centre
1.3	State's own Tax
	Revenue
1.4	State's Non-Tax
	Revenue
1.5	ARM-2019-20
	Measures
2	Revenue Expenditure
2.1	Salaries & Wages
	including Grant in Aid
	(Salary)
2.2	Pension & other
	retirement benefits
2.3	Interest Payment
2.4	Power Subsidy
2.5	Devolution to
	Rural/Urban Local
	Bodies
2.6	Others
3	Revenue Deficit (2-1)
4	Capital Expenditure
5	Loan & Advances (net)
6	Fiscal Deficit (3+4+5)
7	Outstanding Debt
8	GSDP
9	RD as %GSDP
10	FD as %GSDP
11	Outstanding Debt as
	%GSDP

Form III(see rule 6)Summary of the Financial Position of the State(Rs. in Crores)

Sr. No.	Item	FY(Accounts)	FY (Accounts)	FY (Accounts)	FY (Accounts)	FY Budget Estimates	FY Revised Estimates	FY Budget Estimates
1	2	3	4	5	6	7	8	9
I	Opening Balance
II	Consolidated Fund
	1 Revenue Account-
	Receipts
	Additional Resources
	Mobilization
	Expenditure
	Surplus (-) Deficit (+)
	Revenue Deficit as%age of GSDP
	2 Capital Receipt ..
	3 Capital Expenditure ..
	4. Public Debt-
	Debt incurred
	Payments
	Net
	5. Loans and Advances -
	Advances..
	Recoveries..
	Net ..
	6 Inter -State Settlement
	Account (Net) ..
	7 Appropriation to
	Contingency Fund
	Total II - Consolidated Fund
	Net
	8 Fiscal Deficit
	Fiscal Deficit as%age of GSDP
III	Punjab Contingency Fund
IV	Public Account
	1 Unfunded Debt (Net ) ..
	2 Reserve Funds (Net)
	3 Deposits and Advances (Net)
	4 Remittances (Net) ..
	5 Others (Suspense & .. Misc. & (Net)
	Total IV - Public Account
V	Net Transactions
	(II+III+IV)
VI	Closing Balance

Form IV(see rule 6)Analysis of State Tax Revenue(Rs in Lakh)

Sr. No.	Item	FY (Accounts)	FY (Accounts)	FY (Accounts)	FY (Accounts)	FY Budget Estimates	FY Revised Estimates	FY Budget Estimates
1	2	3	4	5	6	7	8	9
1	40 0029-Land Revenue
2	0030-Stamp and Registration
3	0039-State Excise
4	0040-Taxes on Sales, Trade etc.
5	0041-Taxes on Vehicles
6	0043-Taxes and Duties on Electricity
7	0045-Other Taxes and Duties on Commodities andServices
8	0006-State Goods and Services Tax (SGST)
9	0042-Taxes on Goods and Passengers
10	Total State Taxes and Duties (1 to 7)
11	Additional Resources Mobilization

Note: - Figures in brackets represent Percentage increase or decrease over Previous yearForm V(see rule 6)Analysis Of State Non - Tax Revenue(Rs. in Lakh)

Sr. No.	Item	FY (Accounts)	FY (Accounts)	FY (Accounts)	FY (Accounts)	FY Budget Estimates	FY Revised Estimates	FY Budget Estimates
1	2	3	4	5	6	7	8	9
1	Interest Receipts
2	Dividends
3	Other Fiscal Services
4	General Services
	(i) Police
	(ii) Jails
	(iii) Stationery and Printing
	(iv) Public Works
	(v) Other Administrative Services
	(vi) Contribution and Recoveries towards Pensionand other retirement benefits
	(vii) Miscellaneous General Services ( MainlyLotteries Gross)
	(viii) Others
5	Social Services
	(i) Education , Sports, Art & Culture
	(ii) Medical and Public Health
	(iii) Water Supply and Sanitation
	(v) Others
6	Economic Services
	(i) Crop Husbandry
	(ii) Animal Husbandry
	(iii) Forestry and Wild Life
	(iv) Co-operation
	(v) Major and Medium Irrigation
	(vi) Road Transport
	(vii) Others
	Total Non-Tax Revenue
	(1 to 6 )

Form VI(see rule 6)Analysis of Development Expenditure on Revenue Account(Rs. in Lakh)

Sr. No.	Item	FY (Accounts)	FY (Accounts)	FY (Accounts)	FY (Accounts)	FY Budget Estimates	FY Revised Estimates	FY Budget Estimates
1	2	3	4	5	6	7	8	9
A	Social Services .
Education, Sports, Art and
Culture
Medical,Public Health,Family
Welfare
Water Supply and Sanitation
Housing and Urban
Development ..
Labour and Employment ..
Social Security and Welfare
and Welfare of Scheduled
Castes and Other Backward
Classes
Relief on account of Natural
Calamities ..
Others ..
B. Economic Services ..
Agriculture and Allied
Activities
(i) Crop Husbandry ..
(ii) Soil and Water Conservation ..
(iii) Animal Husbandry ..
(iv) Forests ..
(v) Agriculture Research and Education..
(vi) Co-operation..
(vii) Others..
3 Irrigation and Flood Control
and Power..
(i) Major and Medium
Irrigation ..
(ii) Minor Irrigation ..
(iii) Flood Control ..
(iv) Power
(v)Other ..
4 Industry and Minerals
(i) Village and Small
Industries ..
(ii) Others ..
5 Transport ..
(i) Road and Bridges ..
(ii) Road Transport ..
(iii) Civil Aviation ..
6 General Economic
Services
(i) Sectt, Economic Services ..
(ii) Census Survey and
Statistics ..
(iii) Civil Supplies ..
(iv) Others ..
7 Others ..
Total Development
Expenditure (A+B )

Form VII(see rule 6)Analysis Of Non -Development Expenditure On Revenue Account(Rs in Lakhs)

Serial No.	Item	FY (Accounts)	FY (Accounts)	FY (Accounts)	FY (Accounts)	FY Budget Estimates	FY Revised Estimates	FY Budget Estimates
1	2	3	4	5	6	7	8	9
	Non-Development
	Expenditure (1 to 7 )
1	Organs of State..
2	Fiscal Services (i&ii)..
	(ii) Other Fiscal Services..
3	Interest payments and
	servicing of debt (i) and (ii)..
	(i) Appropriation for reduction or avoidance ofdebt..
	(ii) Interest payments..
4	Administrative Services..
	(I to vi)
	(i) Secretraiat General
	Services
	(ii) District Administration..
	(iii) Treasury and Accounts
	Administration..
	(iv)Police..
	(v) Public Works..
	(vi) Others..
5	(i) Pension and other
	retirement benefits..
6	Miscellaneous General
	Services ( i and ii)..
	(i) Lotteries
	(ii) Others
7	Compensation and
	assignment to Local Bodies..

Form VIII(see rule 6)Analysis of Receipts and Disbursements on Capital Account(Rs. in Lakhs)

Sr. No.	Item	FY (Accounts)	FY (Accounts)	FY (Accounts)	FY (Accounts)	FY Budget Estimates	FY Revised Estimates	FY Budget Estimates
1	2	3	4	5	6	7	8	9
A	CAPITAL RECEIPTS
1	Internal Debt
	(a) Market loans (Gross)
	(b) Loans from S.B.I. and
	other Banks
	(c) Loans from NABARD
	and others
	(d) Ways and Means
	Advances from R.B.I...
	(e) Loans from Small Savings
	Total (1) i'V
2	Loans from the Centre
3	Recoveries of Loans and
	Advances
4	Inter-State Settlement
	Account (Net)
5	Contingency Fund (Net)
6	State Provident Fund (Net)
7	Group Insurance Fund (Net)
8	Reserve Fund (Net)
9	Deposits and Advances
	(Net)...
10	Suspense and Miscellaneous..
11	Remittances (Net)..
12	Appropriation to Contingency
	Fund (Net)
	Total (A)
B	Capital Disbursement
1	Total Capital Outlay
	(i) Non-Plan Outlay
	(ii) Plan Outlay ( State Plan &
	Centrally Sponsered) Outlay..
	Total (1)
2	Discharge of Internal Debt--
	(a) Market Loans..
	(b) Loans from S.B.I. and
	other Banks..
	(c) Loans from L.I.C,
	Hudco.& Others Institutions.
	(d) Small Saving Loans
	(e) Ways and Means
	Advances from R.B.I...
	Total (2)
3	Repayment of Loans to
	Centre..
4	Loans and Advances..

Form No. IX(see rule 6)Transfer of Resources From Centre To The State(Rs. in Lakhs)

Sr. No.	Item	FY (Accounts)	FY (Accounts)	FY (Accounts)	FY (Accounts)	FY Budget Estimates	FY Revised Estimates	FY Budget Estimates
1	2	3	4	5	6	7	8	9
I	Share of Central Taxes and
	Duties
	(i) Corporation Tax..
	(ii) Taxes on Income..
	(iii) Other Taxes on Income &
	Expenditure..
	(iv) Customs..
	(v) Union Excise Duty..
	(vi) Service Tax..
	(vii) Wealth Tax..
	(viii) Other taxes & duties on
	commodities & Services
	(ix) Central GST
	(x) Integrated GST
	Total
II.	Grants--
	(i) Non-Plan Grants..
	(ii) Grants for State Plan
	Schemes..
	(iii) Grants for Central Plan
	Schemes..
	(iv) Grants for Centrally
	Sponsored Schemes..
	Total II
III	Net Transfer on Loan
	Account from Centre to
	Punjab a-(b+c)..
	(a) Gross Loans from the
	Centre..
	(i) Non-Plan Loans..
	(ii)Loans for State Plan
	Schemes..
	(iii) Loans for Central Plan
	Schemes..
	(iv) Centrally Sponsored
	Schemes..
	(v) Ways and Means
	Advances..
	(vi) Others
	Total (a)
	(b) Repayment of loans to
	Centre..
	(c) Interest Payment..
IV	Total Devolution of
	Resources from Centre
	(I+II+III)..
V	Devolution of Resources from
	Centre excluding share of
	Central Taxes (IV-I)..

Form X(see rule 6)Central Assistance for Punjab(Rs. in Crores)

Year	Grants for State Plan	Loans for State Plan	Total (Col. 2 + Col.3)
1	2	3	4

Form XI(see rule 6)Debt PositionDebt Outstanding(Rs. in crore)

Sr.No.	Item	(Actuals) FY	Revised Estimates FY	Budget Estimates FY
1	2	3	4	5
I.	Internal Debt
I)	Market Loans and Bonds
	(Bearing Interest)
II)	Market Loans
	(not Bearing Interest)
III)	Compensation and other Bonds.
	Total
2	Ways and Means Advances from
	Reserve Bank of India.
3	Loans from Banks and Other
	Institutions :
I)	Loans from L.I.C.
II)	Loans from R.B.I.and NABARD etc.
III)	Loans from the Other Institutions
iv)	Loans from the General Insurance
	Corporation of India.
v)	Loans from the National Cooperative
	Development Corporation
vi)	Loans from State Bank and Other
	Commercial Banks
vii)	Loans from HDFC/HUDCO
viii)	Small Saving Loans
	Total (3)
	Total (I)
II.	Loans and Advances from the
	Central Govt.
III.	Small Savings,Provident Funds etc.
	(a) State Provident fund
	(b) Others (Insurance and
	Pension Fund)
	Total III
	Total Debt (I+II+III)
	Reserve Funds & Deposits
	Total Debt (including Reserve Fund &Deposits)

Form XII(see rule 6)Number of employees in the Government/Public Sector Undertakings/Government aided institutions in Punjab

Government Employees
Group	As on 31st March	As on 31st March
A
B
C
D
Contigency paid workcharged and on Contractbasis
Total
	As on 31st March	As on 31st March
Board/Corporations
Municipal Committees/Corporation
Improvement Trust
Zila Parishad
Market Committees
Panchayat Samitis
Total

Source:- Economic and Statistical Organization, PunjabForm XIII(see rule 6)Expenditure on Salaries, Wages, Pension & Retirement Benefits and Interest

Sr. No		FY (Accounts)	FY (Revised Estimates)	FY (Budget Estimates)
Total	Total	Total
I	Revenue Account
	a) Salary
	b) Wages
	Total II (a+b)
	c) Pension &
	Retirement benefits
	d) Interest
	Total I (a+b+c+d)
II	Capital Account
	a) Salary
	b) Wages
	Total II ( a+b)
	Total I + II

Form XIV(see rule 6)Position of Outstanding Government Guarantee as on 31.03. (Anticipated)(Rs. in Crores)

Sr. No.	Name of PSUs/Apex Co-operative Institutions/Boards	Nature of guaranteei.e. on Loan/Bond/Cash Credit andCreditand Others (Pl. Specify)	Maximum Amount (Guaranteed)	Amount OutstandingTotal as on 31.03	Total Debt	Total Equity	Remarks
Short Term	Long Term	Total
1	2	3	4	5	6	7	8	9	10
A	Industries
1	Punjab Financial Corporation
2	Punjab State Industrial Dev. Corpn.
3	Punjab Small Industries & Export Corpn.
4	Punjab INFOTECH
5	Pb. Khadi & Village Industries Board
B	Agriculture, Animal Husbandry and Forest
6	Punjab State Seeds Corporation
7	Punjab Land Dev. & Reclamation Corpn.
8	Punjab Agro Industries Corpn.
9	Punjab State Warehousing Corporation
10	Punjab State Container & Warehousing Corpn.
11	Punjab State Forest Dev. Corporation
12	Punjab Mandi Board
13	Punjab Agro Food Grain Coporation
14	Punjab Agri Export Corporation Ltd.
15	Punjab Rural Development Board
C	Power & Irrigation
16	Punjab State Power Corporation
17	Punjab State Transmission Corporation
18	Punjab Water Res. Mgt. & Dev. Corporation
D	Welfare
19	Punjab SCs Land Dev. & Finance Corpn
20	Punjab Backward Classes Land Dev. Fin. Corpn.
E	Food
21	Pb. State Civil Supplies Corporation
22	PUNGRAIN
F	Transport
23	Pepsu Road Transport Corporation
24	Punjab Bus Stand Management Company
G	Local Government
25	Pb. Water Supply & Sewerage Board
26	PMIDC
H	Home
27	Punjab Police Housing Corporation
I	Defence Services Welfare
28	Punjab Ex-servicemen Corporation
J	Cooperation
29	MILKFED
30	SUGARFED
31	MARKFED
32	HOUSEFED
33	Pb. State Co-op. Agri. Dev. Bank
34	Punjab State Cooperative Bank
35	PUNCOFED
K	Science & Technology
36	Punjab Pollution Control Board
37	Punjab Energy Development Agency
L	Development
38	Punjab Infrastruture Dev. Board
39	Punjab Roads & Bridges Dev. Board
M	Health
40	Punjab Health System Corpn.
N	Housing & Urban Development
41	PUDA
O	Already Closed Units
42	Punjab State Leather Dev. Corpn.
43	PUNTEX
44	Pb.State Hosiery & Kintwear Dev. Corpn
45	Punjab Poultry Dev. Corporation
46	Punjab Tourism Development Corporation
	Total

Form XV(see rule 7)Trends in Receipt and Expenditure in relation to the budgetGovernment of PunjabDepartment of Finance(Finance Budget-II Branch)Subject: - Regarding Quarterly Review of Receipts and Expenditure of State Government for .......... Quarter of Financial Year..............******

1	Revenue Receipts
2	Revenue Expenditure
3	Revenue Surplus(+) / Revenue Deficit (-)
4	Expenditure (Budgetary)
5	Capital Expenditure
6	Fiscal Surplus (+) / Deficit (-)
7	Primary Surplus (+) / Deficit (-)

Legal Document View

Unlock Advanced Research with PRISMAI

State of Punjab - Act