Section 8 of Andhra Pradesh Fiscal Responsibility And Budget Management Act, 2011

Fiscal Policy Strategy Statement - The Fiscal Policy Strategy Statement shall be in such form as may be prescribed and shall contain, inter alia,- (i) the fiscal policies of the State Government for the ensuing year relating to taxation, expenditure, borrowings and other liabilities (including borrowings by Public Sector Undertakings and Special Purpose Vehicle and other equivalent instruments where liability for repayment is on the State Government), lending, investments, other contingent liabilities, user charges on public goods/utilities and description of other activities, such as guarantees and activities of Public Sector Undertakings which have potential budgetary implications; (ii) the strategic priorities of the State Government in the fiscal area for the ensuing year; (iii) the key fiscal measures and the rationale for any major deviation in fiscal measures pertaining to taxation, subsidy, expenditure, borrowings and user charges on public goods/utilities; and (iv) an evaluation of the current policies of the State Government vis-a-vis the fiscal management principles set out in section 4, the fiscal objectives set out in the MediumTerm Fiscal Policy Statement in sub-section (1) of section 7 and fiscal targets set out in section 9.