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Section 5
The Jammu and Kashmir Fiscal Responsibility and Budget Management Act, 2006Jammu and Kashmir

Section 5. Fiscal Policy Statements to be laid before the Legislature of the Union territory of Jammu and Kashmir

Fiscal Policy Statements to be laid before the 1[Legislature of the Union territory of Jammu and Kashmir].The Government shall in each financial year lay before 2[Legislative Assembly of the Union territory of Jammu and Kashmir], the following statements of fiscal policy alongwith the budget, namely:

(a) the macroeconomic Framework Statement ;

(b) the Medium Term Fiscal Policy Statement ; and

(c) the Fiscal Policy Strategy statement.

1Superscript markers show text inserted or substituted by a later amendment. The Act carries the markers without the footnotes they refer to, so they are shown without a target.