The State administration on Thursday ordered that separate budgets of J&K, Ladakh UT will be prepared by October 14 for next five months beginning November 1. The state Finance Department has asked all the administrative secretaries to segregate the budget into two parts – state budget up to October 31 and beyond that for the Union Territories. The budget will be prepared by October 14. According to a circular issued by the Finance Department, the budget for the current financial year (2019-20) has to be segregated in two parts – seven months from April 1, 2019, to October 31, 2019, as the state of J&K and for five months from November 1, 2019, to March 31, 2020, as UTs of J&K and Ladakh. Accordingly, the administrative secretaries have been asked to furnish the segregated budget as per set format by tomorrow (Friday) positively, besides furnishing the budget proposals on the Budget Estimation, Allocation & Monitoring System (BEAMS) portal. The circular reads, “All the administrative secretaries are further requested that the matter shall be attended on topmost priority. Meeting with the departments shall be held tomorrow to finalise their proposal.
