Srinagar, Feb 15 : Jammu & Kashmir government has directed the departments to complete the process of formulation of capital expenditure plan for next fiscal by ending March.
An official document in possession of news agency—Kashmir News Observer (KNO) lays bare that J&K Chief Secretary Arun Kumar Mehta has directed all the administrative departments to complete the process of formulation of CAPEX plan for 2023-24 by ending March, 2023.
“In order to bring more clarity in the CAPEX budget formulation, the chair directed to shift scheme-based budgeting and also issued directions to complete the process of formulation of CAPEX for the year 2023-24 by ending March 2023,” reads record note of the meeting chaired by CS on January 25, 2023 at Jammu.
The meeting was attended by all Administrative Secretaries to Government, Director General, Budget, Finance Department, Director General, Development Expenditure Division -II, Director SKIMS, Soura (through VC), Director, Resources, Finance Department, All Directors, Joint Directors/Deputy Directors posted in civil secretariat and Principal SKIMS, Bemina (through VC).
The meeting was held to review physical/ financial progress achieved under J&K UT’s CAPEX budget for 2022-2023.
In J&K’s 2022-23 budget, Rs 41,335 crore were proposed CAPEX budget out of Rs. 1,12,950 crore—(KNO)
