JK Assembly passes Rs 95666.97 Cr Budget for 2018-19

JK Assembly passes Rs 95666.97 Cr Budget for 2018-19
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Jammu: The Legislative Assembly Saturday passed Rs 95666.97 crore budget for Jammu Kashmir for the year 2018-19 with 20% step up over the last year’s budget size of Rs 79472 crore.
The Jammu and Kashmir Appropriation Bill-2018 moved by the Finance Minister Dr Haseeb Drabu in the House in this regard was passed with voice-vote.
Pertinently, for the first time in J&K’s legislative history, the Finance Minister has linked the Appropriation Bill with wide-ranging expenditure reforms to ensure checks and balances for efficient fiscal management and speed up spending to make productive use of resources for the larger public good.
Earlier, Dr Drabu had, on January 11 this year, presented the Budget proposals for 2018-19 in the House, comprising a revenue component of Rs 51244.72 crore and capital component of Rs 44422.24 crore.

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