Projects to be completed in current financial year to get 100 pc funds

Funding to be streamlined for meeting targets

Excelsior Correspondent
JAMMU, Feb 13: The Jammu and Kashmir administration has called for streamlining timely release of funds to ensure that set targets are achieved without any difficulty. Further, it has asked for release of 100 percent funds to the projects which are expected to be completed in the current financial year.
The Administration, as per an official document, said the departments should do due diligence while preparing action plan so that no additionality is demanded during the course of year except extreme and justified cases.
“In respect of seasonal activities which can be executed/implemented during the particular season only, the funds shall be released in time so that expenditure is booked as per timely requirements,” the officials said.
With a view to bring more clarity in the Capex budget formulation, the administration has called for shifting to scheme based budgeting and also issued directions to complete the process of formulation of Capex budget for the year 2023-24 before ending March this year.
On prioritization of works, the administration has directed for achieving maximum physical and financial progress under Capex budget and asked the departments to prioritize works which are to be taken up in the next financial year and include them in plan which can be completed in a time found manner in the next financial year, they said.
The administration directed that with a view to monitor implementation of Capex budget, all Administrative Department/ Finance Depar tment will hold monthly review meetings to monitor physical and financial progress achieved under the Capex budget.
The administration emphasized on achieving the physical completion of 70,000 works excluding MGNREGA during current financial year and directed to revisit the targets fixed for current financial years and wherever feasible revision physical targets on higher side to achieve the target, the officials said.
They added that the administration has directed the Tourism Development Authorities to reelect budget for their internal roads under the Tourism Department and these works shall be executed by PWD (R&B) Department.
The administration has expressed concern that despite release of funds for clearance of past work done liabilities including Shri Amarnath Ji yatra, still some people are approaching for clearance of past work done claims and directed to be vigilant while clearing the old bills/liabilities older than two years and make sure that claims are genuine and there is proper justification for delay in payments so as to ensure proper utilization of funds.
The administration directed that a mechanism shall be devised for timely procession of the cases of NABARD loan and release of funds to the department so that funds are utilized well in time.
“For successful conduct of upcoming event of G-20 Summit, the administration has directed all the Administrative Departments to be fully ready and carve some provision in the budget for the summit as the event will be showcasing India’s pride and performance.
The administration has asked the Culture Department to develop heritage sites as there is tremendous scope in the sector which has not been fully exploited and promoted.