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WebDec 29, 2024 · The Fiscal Responsibility Act aims to achieve fiscal stability and sustainability, improve the fiscal transparency and increase the accountability of the government. The Act sets out a number of quantitative fiscal targets and procedural rules to be followed in order to enforce responsibility in fiscal management. WebThe Fiscal Responsibility and Budget Management Act, 2003 (FRBMA) is an Act of the Parliament of India to institutionalize financial discipline, reduce India's fiscal deficit, improve macroeconomic management and the overall management of the public funds by moving towards a balanced budget and strengthen fiscal prudence.The main purpose … WebThe Public Finance Management Act 1 of 1999 intends: to regulate financial management in the national government; to ensure that all revenue, expenditure, assets and liabilities of that government are managed efficiently and effectively; to provide for the responsibilities of persons entrusted with financial management in that government; and. rethink bamboo food storage