Finance deptt releases 25 % funds under revenue budget
Representational PictureFile/ GK

Finance deptt releases 25 % funds under revenue budget

50 % funds released for works taken up pre 2018-19

Jammu: Finance department has conveyed its authorization to the release of further 25 percent funds out of approved Budget Estimates (BE) 2021-22.

As per Finance department order, “The funds have been released under the Detailed Heads: 001- Salaries, 641-Pensionery Charges (Government contribution) and 670- Leave Encashment in respect of all the departments.” “The funds are being released through the BEAMS application,” the order added.

Through a separate order, the Finance department also released 50 percent funds for the works taken up pre 2018-19 and expected to be completed in 2021-22. “Finance department conveys authorization to the release of 50 percent funds across the sectors out of the available District Capex Budget ceiling BE 2021 -22 of respective sectors in respect of the works taken up pre FY 2018-19 ( i.e. before FY 2018-19) which are expected to be completed in FY 2021-22,” read the order.

“The authorization, however, shall be subject to the conditions that AA/TS prior to execution for every work is in place, e-tendering and all other provisions of GFR 2017 are duly followed. District Development Commissioners shall ensure a robust mechanism to ensure that these works are completed in FY 2021-22 without fail. A detailed report shall be submitted to FD by each District Development Commissioner at the end of the FY 2021-22 about the completion of these works.

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