Jammu, Mar 1: Lieutenant Governor Manoj Sinha Friday said that Jammu and Kashmir was touching greater heights and the capital expenditure achieved 102 percent growth in Financial Year 2023-24 compared to Financial Year 2018-19.
Chairing a review meeting on budgetary expenditure in Jammu Kashmir at the civil secretariat here, the LG said, “J&K is touching greater heights today as the focus of massive infrastructure development is towards meeting the aspirations of people building Aatm-Nirbhar J&K.”
He took appraisal of the department-wise progress achieved in the Financial Year 2023-24 and called upon the officials for 100 percent utilisation of funds available under centrally-sponsored schemes and Capex.
“It is heartening to see that capital expenditure has achieved 102 percent growth in 2023-24 as compared to 2018-19. We have also registered an impressive increase in excise and other tax and non-tax revenue. These are the indicators of a streamlined financial prudence system in place in J&K,” Sinha said.
He asked the Administrative Secretaries and senior officials to ensure timely submission of utilisation certificates.
The LG 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 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, Sinha 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.
Chief Secretary, Atal Dulloo; Additional Chief Secretary Forests, Dheeraj Gupta; Principal Secretary, Finance Department, Santosh D Vaidya; Administrative Secretaries and senior officials also attended the meeting.