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Budget 2021-22: J&K govt authorizes 50% funds under Revenue component

Budget 2021-22: J&K govt authorizes 50% funds under Revenue component

Jammu: Issuing strict guidelines for utilization, the Jammu and Kashmir government on Thursday authorized 50 percent funds under revenue budget earmarked for financial year 2021-22.

The government order accessed by The Dispatch reveals that the sanction is hereby accorded to the authorization of 50% of funds under Revenue Budget earmarked for the financial year 2021-22.                    

In same the order the government issued directions for utilization of funds, including no diversion shall be made under any pretext unless expressly authorized by the Finance Department.

The government further directed that the Power Development Department shall furnish online electricity bills on monthly basis to each DDO. The DDOs in-turn shall contra-credit the monthly billed amount to Major Head: 0801-Power through JKPAYSYS. Under no circumstances electricity bills shall be drawn in cash.

All Departments shall ensure uniform pace of expenditure during the financial year 2021-22.  The overall ceiling of 30% expenditure shall be maintained during the last quarter of the financial year 2021-22.

The expenditure during the last month of the financial year 2021-22 shall be restricted to 15% of the budget allocation. Focus of expenditure should be outcome based and wasteful expenditure should be avoided.

The outcome of the expenditure shall be reviewed on monthly basis by the Finance Department and any irregular expenditure against norms shall be strictly avoided. Funds provided under all the beneficiary schemes shall be disbursed through DBT mode with 100% Aadhar Seeding which shall be reviewed by each Administrative Secretary on monthly basis and beneficiary-wise report furnished to Finance Department on regular basis for uploading on DBT portal.

 “In accordance with J&K Appropriation (No. 2) Act.,2021 No. 9 of 2021, dated 2sth March, 2021, Controlling Officer(s) shall ensure that all budgetary allocations are strictly as per Demand for Grants and funds shall be released through BEAMS,” the order reads. 

 “The Controlling Officers shall immediately release the funds to the line departments within a period of one week from the date of authorization of funds by the Finance Department. The BEAMS Administrator at Administrative Department level shall report compliance to the Finance Department on monthly basis,” the order further reads 

 “The expenditure shall be made strictly in accordance with GFR 2017. All the procurements of Goods and Services shall be made through GeM portal in terms of relevant provisions of GFR 2017, Manual for Procurement of Goods 2017 and Manual for Procurement of Consultancy and other Services 2017,” the order reads.

The order further reads that the the process of e-tendering, wherever required as per GFR shall be initiated immediately in the month of April, 2021 and completed by or before 31” May, 2021 for the year 2021-22.

“The Controlling Officer(s)/DDOs shall strictly monitor revenue collection as per fixed targets on monthly basis which can be viewed in the Annual Financial Statement, 2021-22 available on Finance Department’s website and shall also be communicated through BEAMS,” the order reads.  

 ‘All the Director Finance(s)/FA & CAO(s) shall ensure submission of monthly revenue statements and they shall also monitor the expenditure statements on BEAMS and furnish the same before 5th of following month for monthly review by the Finance Department.

 

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