Excelsior Correspondent
JAMMU, Jan 29: The Finance department today authorized the further release of funds under the revenue budget for the financial year 2024-25.
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The funds have been released to the extent of 100% of the Budget Estimates (BE) 2024-25 or as per the reworked Revised Estimates (RE) 2024-25, whichever is lower, an order read.
This applies to all detailed heads, including “Salary” and similar expenditure categories, where at least 70% of the released funds have already been utilised.
For detailed heads where expenditure is below 70%, the funds have been released up to 85% of BE 2024-25 or as per reworked RE 2024-25, whichever is lower.
Additionally, the specific expenditure categories such as travel expenses (TE), telephone charges, office expenses, fuel (POL), camps, seminars, hospitality allowances, and advertisement & publicity have been allocated up to 90% of BE 2024-25 or as per RE 2024-25, if the expenditure level exceeds 55% of previously released funds.
“If the expenditure in these heads is below 55%, further funds of 10% have been authorised, ensuring an aggregate release of up to 85%,” the order said.
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