Section 4 in Andhra Pradesh Fiscal Responsibility and Budget Management Rules, 2006
4. Medium Term Fiscal Policy Statement.
(1)The Medium Term Fiscal Policy Statement, as required under subsection (1) of Section 7, of the Act shall include in Form F-2 three year 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;(2)The Medium Term Fiscal Policy Statement shall also explain the assumptions underlying the above mentioned targets for fiscal indicators and an assessment of sustainability relating to the items indicated in subsection (2) of Section 7 of the Act.
