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Govt starts preparation of budget for year 2024-25

DDO’s, HOD’s directed to complete preparation by 30th sep, 05 Oct respectively

Srinagar, Sep 20: Jammu and Kashmir government has taken up the process of budget preparation of year 2024-25.

As per a circular issued by the government, a copy of which lies with news agency Kashmir Scroll, DDO level officials have been directed to complete preparation by 30th September and while HOD’s have been directed to complete the budget preparation by 05 October.

“All the Administrative Departments / HODs / Budget Controlling
Officers/ DDOs are requested to start Budget preparation exercise for the
year 2024-25 in the right earnest to enable examination, compilation and consolidation of these estimates in the Administrative Departments for
onward submission of the same to the Finance Department.” reads the circular.

“The Administrative Departments shall further carry out due scrutiny of estimates
and forward their recommendations to the Finance Department not later than 10th October, 2023. To achieve this target date, the budget preparation at
the DDO and the HOD level shall be completed by 30th September, 2023 and
05th October, 2023 respectively. The budget preparation Forms for both Revenue Budget and Capital Budget will be made available to all the field offices as well as the Administrative Departments online through ‘Budget
Estimation, Allocation and Management System’ (BEAMS) only.” It reads futher.

“Hard copies of Forms except for project wise statement shall not be entertained in the Finance Department. The technical assistance in this regard shall be had from the NIC and the Resource Persons available in each District Treasury. A detailed set of instructions for preparation of Budget proposals by the
Departments are contained in the enclosed Annexure ‘A’. For extant
instructions on the subject reference can be made to the Budget Manual.” It reads futher.

“A check list indicating details of information to be provided to Finance Department is also enclosed as Annexure ‘B’ for guidance.
All the Administrative Secretaries are requested to send Budget Proposals
in respect of each HOD to the Finance Department by the notified date. The calendar for discussion of Budget proposals of the Budget proforma shall be submitted in both Hard and Soft copies in respect of Revenue and Capex. No proposal shall be accepted if it is not complete in all respects as per guidelines issued as Annexures ‘A’, ‘B’ and
‘C’.” It reads futher.

“The NIC shall put in place all the required arrangements for data entry in
BEAMS by the DDOs/ Budget Controlling Officers at the HOD level and Director Finance(s)/
FA&CAOs at the Administrative Departments level.” It states futher.(KS)

Srinagar News

Srinagar News is one of the oldest newspaper in kashmir it was founded by Late Mehraj-ud-Din Wani Sahab in 1975.

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