Ahead of new fiscal, FD authorises release of 50 % of interim budget

Baramulla,: Ahead of the new fiscal, the Finance department of J&K Government on Saturday conveyed authorisation for release of 50 % of the capital expenditure and revenue expenditure of Jammu & Kashmir’s interim budget approved by the Parliament in February this year.In two separate orders, the Finance department today accorded sanction for the authorization of 50% of the interim budget (vote-on-account) 2024-25 under CAPEX and Revenue budget in favour of all the departments/district development commissioners.According to these orders, the Director Finance(s)/Director(s) Planning/Financial Advisor & CAO(S)/Joint Director(s) Planning and Controlling Officers of all the Departments shall be personally responsible for uploading of approved Work Plans (projects/works/activities) on BEAMS portal with the approval of competent authority by or before 20th April, 2024.“All the District Development Commissioners shall furnish the District Plans (project/work/activity wise) after seeking approval of competent authority by or before 30th of April, 2024,” reads the orders.It further states that in respect of district sector projects, CPO(s)/AO(s) of each district shall be responsible for uploading of the work plans on BEAMS portal once the same is approved by the competent authority within the stipulated time