Jammu/Srinagar, January 9, 2025: The Finance Department of Jammu and Kashmir has authorized the release of additional funds under the Revenue Budget for the financial year 2024-25. The authorization has been issued through an official memorandum (O.M No. FD-BDGT0GEN/10/2022-03) dated January 9, 2025.
According to the notification, funds will be released via the BEAMS system to the extent of 90% of the Budget Estimates (BE) for 2024-25 or as per reworked figures of Revised Estimates (RE) 2024-25, whichever is less. This release is applicable to specific expenditure heads, including:
001-Salary
017-Honorarium and Remuneration
079-Stipend and Scholarship
228-Diet Expenses
364-Wages (Outsourcing)
641-Pensionery Charges (NPS)
670-Leave Encashment
The release is in continuation of Government Order No. 268-F of 2024, dated August 16, 2024, which outlines detailed conditions for fund utilization.
The order, signed by Sharaat Yehya, Joint Director Budget, has been communicated to all Administrative Secretaries. Copies have also been sent to the Advocate General of J&K High Court, all Financial Commissioners (Additional Chief Secretaries), the Director General of Police, and the Principal Secretary to the Lieutenant Governor.
The initiative ensures a streamlined release of funds, prioritizing key expenditure areas for efficient financial management across all departments in the Union Territory.
