SAC approves Rs 88911 cr outlay for Budget 2019-20
Jammu, Dec 15: The State Administrative Council (SAC) headed by Governor Satya Pal Malik Saturday approved Rs 88911 crore State budget for the fiscal 2019-20.
Advisors to the Governor, K Vijay Kumar, Khurshid Ahmad Ganai and Kewal Kumar Sharma, Chief Secretary BVR Subrahmanyam and Principal Secretary to the Governor Umang Narula were present at the specially convened SAC meeting here this evening.
Principal Secretary Finance, Navin K Choudhary gave a detailed presentation to the SAC on the Revised Estimates for 2018-19, Budget Estimates for 2019-20 and other key features of the budget.
The SAC was informed that the focus of the Budget 2019-20 is to give a big push to tangible developmental initiatives with Rs 30469 crore earmarked for building public and social infrastructure in addition to Rs 3631 crore already provided under Languishing Projects Programme.
SAC observed that investment in infrastructure is the growth driver for economy and has a cascading impact on all sectors including employment generation and socio-economic development.
(More details of Budget on Business Page)