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[Cites 0, Cited by 0] [Section 3(4)] [Section 3] [Entire Act]

State of Madhya Pradesh - Subsection

Section 3(4)(b) in The M.P. Municipalities (Budget Estimates) Rules, 1962

(b)The estimate of total expenditure shall not exceed the average of actual receipts of the previous three years or the estimated receipts of the budget year, whichever is less. The total provision of expenditure for recurring items shall not exceed the average of past three years' receipts on account of fixed demand or the estimated receipt for fixed demand of the budget year, if the fixed demand has been increased for that year: