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Mounting liabilities on various heads add to fiscal mess in state 3/15/2015 11:49:37 PM Mudasir Tariq SRINAGAR, Mar 15: Government treasuries across the state are running short of money with the liabilities amounting to Rs. 500 crores on account of General Provident fund bills, highest ever in the history of the state. Pensioners have also been badly hit by the fiscal mess that the state is going through. The pending bills include salary bills, GP Fund withdrawal bills, works bills and even the old age pension bills. "Although we release the pension but the main liability is gratuity commutation and GP fund. The GP fund liability in our treasury is more than nine crores now and this figure is increasing every day," said a treasury officer at Srinagar, wishing anonymity. As the treasuries have altogether failed to release the pending demands of pensioners and government employees, they are going through huge inconvenience. "My gratuity and commutation is pending with a treasury office in the city as the people at helm are giving lame excuses every day, I am going through huge financial pressure," said Abdul Majeed, a retired government employee. In the recent past the failure of finance department to release the pending dues has resulted in the scuffle creating law and order situation. Sources in the finance department reveal that while few of the state government departments have managed the salaries through local funds most of the departments have failed to provide timely salaries to their employees. Besides providing timely salaries to employees, many important projects have been stopped halfway owing to the lack of funds and people associated with the business attribute this problem to the rehabilitation process. "Due to floods authorities had to divert funds to relief and rehabilitation measures. Also the revenue which state generated from its own sources has dwindled. As a result of which the state coffers are empty," said Imtiyaz Sheikh, an Industrialist. While the newly elected PDP-BJP government is set to present its maiden Budget on March 22, employees and pensioners are pining hopes that their pending demands would be addressed on priority basis. "We hope that the new budget will cater our demands on priority basis. These months have been really tough for us, but now we hope that the new government will bring smile on our faces," a group of pensioners told Early Times.   Share This News with Your Friends on Social Network     Comment on this Story

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