J&K Finance Department Authorizes Further Funds For 2024-25

JAMMU, Jan 29: The Jammu and Kashmir Finance Department has approved the release of additional funds under the Revenue Budget for the financial year 2024-25.
As per the latest order, departments with an expenditure of 70% or above will receive 100% of the Budget Estimates (BE) or Revised Estimates (RE), whichever is lower, while those below 70% will get 85%. Specific expenditure heads, including telephone, hospitality, advertisement, and seminars, will receive 90%, with an additional 10% for heads below 55%
Full funding is granted for electricity charges and similar credits.
However, allocations for LTC, vehicle purchases, furniture, power, food grain costs, snow clearance, and the Disaster Response Fund remain withheld.
The release of funds is subject to austerity measures outlined in previous government orders.

See Order Copy Click Here…….