LawgistThe Fiscal Responsibility and Budget Management Act
6Measures for fiscal transparency
(1) The Central Government shall take suitable measures to ensure greater transparency in its fiscal operations in public interest and minimise as far as practicable, secrecy in the preparation of the annual financial statement and demands for grants.
(2) In particular, and without prejudice to the generality of the foregoing provision, the Central Government shall, at the time of presentation of annual financial statement and demands for grants, make such disclosures and in such form as may be prescribed.
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All sections
- 1 Short title, extent and commencement
- 2 Definitions
- 3 Fiscal policy statements to be laid before Parliament
- 4 Fiscal management principles
- 5 Borrowing from Reserve Bank
- 6 Measures for fiscal transparency
- 7 Measures to enforce compliance
- 7A Laying of review reports
- 8 Power to make rules
- 9 Rules to be laid before each House of Parliament
- 10 Protection of action taken in good faith
- 11 Jurisdiction of civil courts barred
- 12 Application of other laws not barred
- 13 Power to remove difficulties
