Capex sees 102% rise in 2023-24: L-G Sinha

Our Correspondent

Jammu, March 1

Jammu and Kashmir Lieutenant Governor Manoj Sinha chaired a review meeting on Budgetary Expenditure in Jammu Kashmir on Friday.

The meeting was attended by Atal Dulloo, Chief Secretary; Dheeraj Gupta, Additional Chief Secretary Forests; Santosh D Vaidya, Principal Secretary, Finance Department, administrative secretaries and senior officials.

The Lt Governor took appraisal of the department-wise progress achieved in the Financial Year 2023-24 and called upon the officials for 100% utilisation of funds available under Centrally-sponsored schemes and Capex.

“It is heartening to see that capital expenditure has achieved 102 per cent growth in 2023-24 as compared to 2018-19. We have also registered an impressive increase in excise and other tax & non-tax revenue. These are the indicators of a streamlined financial prudence system in place in the Union Territory,” he said

“J&K is touching greater heights today as the focus on massive infrastructure development is towards meeting the aspirations of people and building Atmanirbhar J&K,” he said.

He asked the administrative secretaries and senior officials to ensure the timely submission of utilisation certificates. The Lt Governor directed 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 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 & Reconstruction Department and PWD (R&B) to closely monitor the progress on transit accommodations for PM Package employees.

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