Deptts asked to submit ATR, key features, FBRM statements, establishment details
By: Ibni Maqbool
Srinagar: After completing pre-budget discussions with all the departments, the Jammu and Kashmir government has directed different departments to furnish relevant material for finalization of the Union Territory’s budget document for the next fiscal within a week’s time.
The Finance department today asked the departments and head of departments to furnish material like Action Taken Reports (ATRs) on the budget announcements (2021-22) highlighted in the budget speech 2021, details of establishment as per sanctioned strength, Fiscal Responsibility and Budget Management Act (FBRM) statements, House Rent Allowance (HRA) provision for inclusion within revised estimates 2021-22, key features, budget speech note and key points.
The department reminded them that they have already been asked to submit these details in previous letters written to them.
“Till date few departments have furnished the aforesaid material which does not suffice the need for finalization of budget preparation,” reads the department’s letter.
“In view of above, all those departments/HODs who have not furnished the aforesaid material are requested to furnish the same within a week enabling the Finance Department to finalize the process of budget preparation,” it further states.
As already reported, the Finance department has started holding budget discussions with departments from October 7.
This will be the third budget of Jammu & Kashmir Union Territory which will be presented in the Parliament after reorganization of the erstwhile state of J&K into two Union Territories.
J&K has been without its elected government since June 2018 after BJP withdrew support to Mehbooba Mufti-led government citing deteriorating security in the State.
The budget for the ongoing fiscal was presented by Union Finance Minister Nirmala Sitharaman on March 17.
Of the Rs 1.08 lakh crore budget proposed for the ongoing financial year, Rs 39,817 crore were allocated for capital expenditure and Rs 68804 for revenue expenditure.
It is worthwhile to mention that Jammu and Kashmir has sought additional allocation of Rs 6,000 crores for the next budget from the Government of India.
In 2019-20 and 2020-21, the union budget allocation for J&K was Rs 30,757 crores for each year.