The correct answer is: a) 2003.
The Odisha Fiscal Responsibility and Budget Management Act was enacted in 2003. The Act was enacted to ensure fiscal discipline and transparency in the management of public finances in the state of Odisha. The Act sets out a framework for the preparation and execution of the state budget, and for the monitoring of fiscal performance. The Act also establishes a Fiscal Responsibility Council to oversee the implementation of the Act.
The Odisha Fiscal Responsibility and Budget Management Act is an important piece of legislation that has helped to improve the management of public finances in the state of Odisha. The Act has helped to reduce the fiscal deficit, improve the debt position of the state, and increase transparency in the management of public finances.
The other options are incorrect because:
- Option b) 2005 is incorrect because the Odisha Fiscal Responsibility and Budget Management Act was enacted in 2003.
- Option c) 2007 is incorrect because the Odisha Fiscal Responsibility and Budget Management Act was enacted in 2003.
- Option d) 2009 is incorrect because the Odisha Fiscal Responsibility and Budget Management Act was enacted in 2003.