Section 9(2)(b) in The Jammu and Kashmir Fiscal Responsibility and Budget Management Act, 2006
(b)reduce pre-devolution non-plan revenue deficit by an amount of equivalent to one percentage point as compared to the previous financial year beginning from 1st April, 2006 so as to bring it down by 20% of GSDP by 31st March, 2010 and to maintain the level thereafter;