Supplementary budget allowed by Kashmir governor for three months

| Tuesday, March 29, 2016 - 08:50
First Published |
Supplementary budget allowed by Kashmir guv

J&K governor N N Vohra

Jammu: Jammu and Kashmir's State Administrative Council (SAC) which met here on Monday under the chairmanship of Governor N.N. Vohra, approved supplementary budget for three months for the state.
"The SAC approved the 'On Account Appropriation' for a period of three months beginning April, 2016," said an official statement here.
The 'on account appropriation' by the governor's administration was necessitated because a regular budget could not be passed in Jammu and Kashmir as the state legislature has been put under suspended animation following imposition of governor's rule here on January 8.
"The SAC approved a total 'On Account Appropriation' of Rs.14,714 crore comprising Rs.9,105 crore under revenue account and Rs.5,609 crore under capital account for the period April 1st 2016 to June 30th 2016.
"The SAC also approved the Supplementary Budget for 2015-16 of the order of Rs.7,160 crore comprising Rs.3,584 crore as revenue expenditure and Rs.3,576 crore as capital expenditure," it said, adding that subsequently, the governor, in exercise of the legislative powers vested in him, approved Appropriation Act (1) of 2016 covering Supplementary Expenditure for 2015-16 and Appropriation Act (2) of 2016 covering "On Account Appropriation" for first three months of 2016-17.
"Besides, the governor has also approved the release of first quarter appropriation for 2016-17 by or before March 31st 2016," the statement said.

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