Last Updated on December 6, 2021 at 9:38 pm
In order to promote fiscal discipline, without restricting the operational efficiency of the Government and to ensure balanced pace of expenditure, all Jammu and Kashmir Government Departments and Autonomous Bodies funded by the Government have been asked to adhere to economy and austerity measures.
It has been stated that during the last quarter of the current financial year the expenditure should be limited to 30% of budget allocation and in the month of March, the expenditure should be limited to 15% of the Budget Estimates.
It has also been considered desirable that in the last month of the current financial year, payments may be made only for the goods and services actually procured and for reimbursement of expenditure already incurred.
There shall be complete ban on holding of meetings and conferences at private hotels. Government buildings/ Premises should be utilized for holding of meetings and conferences instead. 10% economy cut is imposed on conduct of camps and seminars out of the Budget Estimates 20o21-22.
Purchase of new vehicles to meet the operational requirement is permitted, but only against condemnation as a replacement measure.
Domestic and International Travel expenditure should be regulated so as to ensure that each Department remains within the allocated budget.
Read full list of austerity measures by clicking on this link
