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| JK's central funds reduced from Rs 15919 cr to Rs 10271 cr | | | Javaid Naikoo
Early Times Report
Pulwama, Dec 14: As part of newly grouping in expenditures to meet design of flexibility of centrally sponsored schemes, central assistance funds for Jammu and Kashmir have been reduced to a greater extent for the financial year 2015-2016.
The details collected during ongoing Lok Sabha functioning by a noted writer said that central assistance funds for Jammu and Kashmir were reduced from Rs 15919.99 crores in 2014-2015 to Rs 10271.34 crores in 2015-2016.
As per details central assistance fund scheme for Jammu and Kashmir for the financial year 2015-2016 goes as rupees Rs 10271.34 cores which includes Rupees Rs 2399.54 crores under central assistance to state plan, Rs 151.35 crores under central sector schemes.
Under non plan grants, the post devolution revenue deficit includes rupees Rs 7418.97 crores, state disaster fund relief as rupees 114.50 crores, local bodies rupees 186.98 crores.
During the financial year 2014-2015,the central assistance to Jammu and Kashmir was Rupees 15919.99 crores under different designs like central assistance to state plan as Rupees 12779.96 crores, central sector schemes as Rs 342.99 crores, central sponsored schemes Rs 2.26 crores, and non plan grants includes non plan revenue deficit as Rupees 2096 crores, state disaster relief fund as Rupees 278.5 crores, for improving schemes it was Rs 25.4 crores, for state specific needs Rupees 57.55 crores, under the column "others" it was Rupees 293.80 crores and national disaster revenue fund was Rs 43.54 crores.
Reportedly the reduction is part of a major compositional shift in expenditures and fresh outlay is applicable to many states of the country including Jammu and Kashmir.
Changes are account long standing demands of some states for devolution and flexibility in design of centrally sponsored schemes.
Reduction in central assistance to state plans as per reports is a reflection of fiscal federal relations, however in respect of many programmes overall programme for outlay will remain unchanged with state pooling resources form unchanged devolution.
However economists said that fresh outlay designed by central government is not a mandatory principle for state government and can be termed as irrelevant keeping in view larger expenditure needs of Jammu and Kashmir compared to other states of country.
They said that Jammu and Kashmir having minimal revenue assets and burden of liability lags far behind in self revenue generation when compared with many other states of country.
Economists said that in order to implement centrally sponsored schemes granted in various sectors of economy, Jammu and Kashmir like all other state needs state sponsored assistance as well but in most cases implementation of schemes gets delayed only due to poor economic infrastructure of state.
They said that most of revenue designs in fresh outlay of central government like revenue generation from Local Bodies and transport generate negligible or no revenue assets for us, while in state outside Jammu and Kashmir such sectors are assets for economies.
Meanwhile repeated attempts to contact Minister for Finance and Employment, Dr Haseeb Drabu went in vain as he his phone remained out of reach. |
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