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[Cites 0, Cited by 0] [Section 4] [Entire Act]

State of Punjab - Subsection

Section 4(5) in Punjab Fiscal Responsibility and Budget Management Act, 2003

(5)Notwithstanding anything contained in sub-section (2), the revenue deficit and fiscal deficit may be exceeded in the case of unforeseen demands on the finances of the State Government due to calamity declared by the State Government or the Central Government, as the case may be.