'Pending RS1900 Cr funds expected soon'


Kathua, Jan 13: Chief Minister Omar Abdullah on Sunday said the state government was expecting release of pending Rs 1900 crore annual budget grant soon as the issue has already been taken with the Centre.
“This financial year would end in three months and a grant of Rs 1900 Crore is awaited” Chief Minister said, while contesting the claims that the state was running out of funds.
 “After reports about empty treasuries and pending dues of contractors, I enquired from Finance Minister, who informed that the bills of contractors are far less than the pending grant. Our discussion with Union government is on for the release of pending grant and after its release, all the issues will be settled,” Omar said while addressing a gathering after inaugurating the newly constructed toll plaza complex here at Lakhanpur.
 He said there was huge gap between expenditure and income of the state, but state was striving hard to bridge the same and asserted that the tax collection has increased manifold for which union government has also appreciated the state.
 On the issue of corruption, Omar said that it was a big problem but efforts would continue to eradicate it.

Lastupdate on : Sun, 13 Jan 2013 21:30:00 Makkah time
Lastupdate on : Sun, 13 Jan 2013 18:30:00 GMT
Lastupdate on : Mon, 14 Jan 2013 00:00:00 IST

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