EARLY TIMES REPORT
Srinagar, Mar 5: Ahead of the closing of on-going fiscal, the Jammu & Kashmir government on Friday unveiled measures for streamlining expenditure to avoid last minute rush.
The Finance department came up with guidelines for maintaining discipline in expenditure in the last month of ongoing financial year, even as it directed the administrative secretaries in securing the compliance to the measures and also submit regular report to it for any violation of guideline.
According to the measures, the Finance Department shall not consider any additionally and liability at this stage as the budget of five months (October 31, 2019 to March 31, 2020) of 2019-20 has been adopted and released in full.
It asked the departments to submit proposals regarding release of matching share proportional to the centrally sponsored scheme released by the Government of India by or before March 15, 2020.
It also directed departments that rush on expenditure on procurement shall be avoided during the last month of the year so as to ensure that all procedures are complied with and there is no infructuous or wasteful expenditure.
According to the measures proposed by the Finance department, any proposal for advance drawal, authorization of funds, if any, pertaining to financial year 2019-20 shall be submitted to it well before March 15.
“No advance drawal, authorization proposal shall be processed beyond March 15, 2020,” reads the order issued by the department.
It also directed that proposals for parking of funds in "Civil Deposits" in order to avoid lapsing of funds shall not be entertained and processed. “Issuance of hundies stands already banned. The Departments are advised not to move any proposal in this regard,” the directive reads.
The treasury officers have been directed not to entertain any bill/cheque for payment after working hours on 26th March, 2020, pertaining to financial year 2019-20. |
