SRINAGAR: Lieutenant Governor Manoj Sinha chaired a review meeting on Budgetary Expenditure in the Union Territory of Jammu Kashmir at the Civil Secretariat, a DIPR statement said.
Lieutenant Governor, while discussing the fiscal achievements, remarked that the increase in capital expenditure by 102 percent in 2023-24 compared to 2018-19 is satisfying. “Additionally, there has been a significant rise in Excise and other Tax and non-tax Revenue. These trends highlight the effectiveness of the financial management system within the Union Territory.”
During the session, the Lt Governor assessed the progress made by departments in the Financial Year 2023-24 and urged officials to ensure the full utilisation of funds allocated for Centrally Sponsored Schemes and Capital Expenditure.
“JK is touching greater heights today as the focus on massive infrastructure development is towards meeting the aspirations of people and building Aatm-Nirbhar JK,” the Lt Governor further added.
He directed the Administrative Secretaries and senior officials to ensure the timely submission of Utilisation Certificates and asked the departments to explore all possibilities to further improve revenue realisation and follow the instructions of the administration to adhere to the austerity measures to cut the expenditure.
“An integrated system should also be developed by all the departments for procurement of products from Self Help Groups and MSMEs,” he said.
On the sidelines of the meeting, the Lt Governor directed the Administrative Secretaries and senior officials of the Disaster Management, Relief, Rehabilitation and Reconstruction Department and PWD (R&B) to closely monitor the progress on Transit accommodations for PM Package employees.
