Section 5 in The Maharashtra Fiscal Responsibility and Budgetary Management Rules, 2006
5. Fiscal Indicators.
- The fiscal indicators under sub-section (d) of section 2 shall consist of :(a)Fiscal Deficit(b)Revenue Deficit(c)Debt Stock(d)Contingent Liabilities(e)Interest as a percentage of Revenue Receipts.Explanation. - For the purpose of this rule -(i)For calculating the Fiscal Deficit, Off-Budget Borrowings during the year, which need to be serviced by way of interest and principal repayment by the State Government, shall be taken into account.(ii)For the purpose of calculating the Revenue Deficit, revenue expenditure shall include the interest, payable on Off-Budget Borrowings.(iii)The Debt Stock shall include the Off-Budget Debt Stock.(iv)Interest shall include interest paid on Off-Budget Debt Stock.
