March 1, 2024 7:29 PM

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J&K: LG Manoj Sinha chairs review meeting on Budgetary Expenditure

<p style="margin: 0px; text-align: justify;"><span style="color: #222222;">In Jammu and Kashmir, Lieutenant Governor Manoj Sinha chaired a review meeting on Budgetary Expenditure in the UT, at Civil Secretariat Jammu on Friday.</span></p>''<p style="margin: 0px; text-align: justify;"><span style="color: #222222;"><br />''</span></p>''<p style="margin: 0px; text-align: justify;"><span style="color: #222222;">Akashvani Jammu Correspondent reports that the LG took appraisal of the department-wise progress achieved in the Financial Year 2023-24 and called upon the officials for 100% utilization of funds available under Centrally Sponsored Schemes and Capex. The LG said, it is heartening to see that capital expenditure has achieved 102 percent growth in 2023-24 as compared to 2018-19 and J&K has also registered an impressive increase in Excise and other Tax & non-tax Revenue. He said these are the indicators of a streamlined financial prudence system in place in the Union Territory. The LG further said, J&K is touching greater heights today as the focus on massive infrastructure development is towards meeting the aspirations of people and building Aatma-Nirbhar J&K. He asked the Administrative Secretaries and senior officials to ensure the timely submission of Utilization Certificates. The LG directed the departments to explore all possibilities to further improve revenue realization and follow the instructions of the administration to adhere to the austerity measures to cut the expenditure. The LG said an integrated system should also be developed by all the departments for procurement of products from Self Help Groups and MSMEs. On the sidelines of the meeting, the LG directed the Administrative Secretaries and senior officials of the Disaster Management, Relief, Rehabilitation & Reconstruction Department and PWD to closely monitor the progress on Transit accommodations for PM Package employees.</span></p>

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