India, July 12 -- The Delhi government is set to introduce a Fiscal Responsibility and Budget Management (FRBM) bill to establish a structured framework for public finance management, enhance transparency, and ensure long-term fiscal sustainability, officials aware of the matter said on Friday.

The draft of the proposed legislation is currently being prepared, with the government planning to table it in the Assembly during the upcoming Winter Session.

According to officials, the bill seeks to prescribe clear fiscal rules governing government borrowing, expenditure, and debt management while mandating greater accountability in budgetary decisions. The proposed law is aimed at ensuring that public finances remain stable and that market bo...