‘Survey to measure Impact of Uncertainty on JK economy’

Asking for measuring ‘Impact of Uncertainty’ on critical functions including government expenditure, Finance Minister Haseeb Drabu today announced that the state Economic Survey would be released twice a year from now onwards.
‘Survey to measure Impact of Uncertainty on JK economy’

Asking for measuring 'Impact of Uncertainty' on critical functions including government expenditure, Finance Minister Haseeb Drabu today announced that the state Economic Survey would be released twice a year from now onwards. 

He also asked the concerned officials to make the language of the document simple so that general public can understand it. 

The minister, according to an official statement, said this while reviewing preparation of the Economic Survey for the year 2016-17 by the Economics and Statistics Department.

The minister said, "From now onwards the Economic Survey shall be a biannual feature and will be presented in the month of January and July every year.  He said the survey to be presented in January shall be an economic outlook while as mid-year review will be brought out in July." 

The meeting was further told that the economic survey should be citizen-centric and should focus on segments like 'Impact of Uncertainty' on critical functions including Government Expenditure, Labour and Man-days generated and on delivery of government services to the public, the statement reads. 

While elaborating upon the impact of uncertainty on planning processes, Drabu said the report should feature the uncertainty impact numbers while planning for future and should provide for contingent liabilities arising because of the uncertainties.

The Minister further instructed the officers to present the data from consumer point of view rather than from production point of view which will help in allocation of funds to various public service initiatives in a better way and on normative basis.

Since 2004, the Economic Survey is generally tabled in the state Legislature a day before the Annual Budget is presented

Financial Commissioner Planning and Principal Secretary to CM, BB Vyas, Director General Economics and Statistics and other officials of the department attended the meeting.

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