Today: Jun 19, 2024

CS reviews progress on budget utilization for 2024-25

by
2 mins read

SRINAGAR: Chief Secretary, Atal Dulloo, today convened a meeting with the Administrative Secretaries to review progress on the utilization of funds released after the passing of Vote on Account (VoA) for 2024-25 besides assessing Centrally Sponsored Schemes (CSS) implementation in Jammu and Kashmir.

Dulloo took stock of the works being uploaded by each department on BEAMS and the funds released on this account. He enquired about the expenditure made, so far, and the progress on completion of these works.

The Chief Secretary impressed upon the Administrative Secretaries to review the list of works of their respective departments on BEAMS and remove the long pending incomplete projects from the portal. He asked for further streamlining the fund releases on BEAMS so that the seasonal activities in the Agriculture Production Department and land acquisition through the Revenue and Forest Departments culminated in time.

Dulloo asked the officers to lay focus on funding critical projects transferred from JKPCC to PWD so that are completed at the earliest. He also asked for pacing up the expenditure on NABARD-funded works to access more tranches from this organisation.

The Chief Secretary also reviewed the JKIDFC-funded projects and asked for adjusting the rest of the funding of incomplete projects out of the regular budget. He emphasised on exploring the possibility of taking up works on critical village infrastructure including ensuring the last field irrigation facilities under convergence with MGNREGA.

Regarding the collection of non-tax revenue, the Chief Secretary emphasised the officers to step up efforts to further increase it from that of the previous year. He called for making this collection more efficient by employing technology and other requisite measures.

In his presentation, Principal Secretary, Finance, Santosh D.Vaidya, threw light on different aspects of this year’s budget. He also gave a brief analysis of its spending during the past decade right from 2014-15. He elaborated on the current expenditure trends registered, so far, in the UT.

The other major features of the presentation included expenditure-wise categorization of works, delays recorded in their completion, Revenue, Capital and own resources expenditure besides highlighting the issues concerning each scheme and the department hampering the smooth execution of projects.

The meeting was apprised that both the completion of projects and the budget have witnessed a quantum jump during the past 5-6 years. It was revealed that the total expenditure during 2014-15 was just Rs 35681 crore which increased to Rs 87501 crore during 2023-24. It was added that the capital expenditure also escalated from a mere Rs 9330 crore in 2014-15 to Rs 22628 crore in 2023-24.

The meeting was also informed about the receipts and expenditures made under CSS during the past few years. It was disclosed that the departments here have received a sum of Rs 10324 crore under 110 schemes for 2023-24 which was almost double the amount received during 2021-22.

About this year’s budget, it was informed that the total receipts registered till date stand at Rs 9993 crore with an expenditure of around Rs 11465 crore.

Pertinent to mention here that the Parliament passed the VoA for the UT pending passage of a regular budget in view of the conduct of Lok Sabha elections in the country.

KI News

Kashmir Images is an English language daily newspaper published from Srinagar (J&K), India. The newspaper is one of the largest circulated English dailies of Kashmir and its hard copies reach every nook and corner of Kashmir Valley besides Jammu and Ladakh region.

Leave a Reply

Your email address will not be published.