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Outcome of the review of the trends in receipts and expenditure in relation to the budget at the end of the second quarter of the financial year 2006-2007

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  • Ministry of Finance

Abstract

This mid-year review reports developments in the economy in the first half of 2006- 07, with a particular focus on Central Government finances, outlining the performances in the real sector, economic prospects and the policy issues. The Fiscal Responsibility and Budget Management (FRBM) Act, 2003 mandates a review of trends in receipts and expenditure in relation to the Budget on a quarterly basis. The first quarterly review for the current year was presented in both the Houses of Parliament on August 18, 2006. This mid-year review is also the second quarterly review, as required under Section 7 (1) of the FRBM Act, 2003.

Suggested Citation

  • Ministry of Finance, 2007. "Outcome of the review of the trends in receipts and expenditure in relation to the budget at the end of the second quarter of the financial year 2006-2007," Working Papers id:824, eSocialSciences.
  • Handle: RePEc:ess:wpaper:id:824
    Note: Institutional Papers
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