J&K witnessed increase in total expenditure from 2014 to 2019: CAG – News 24-7 Live News 24-7 Live
J&K witnessed increase in total expenditure from 2014 to 2019: CAG

J&K witnessed increase in total expenditure from 2014 to 2019: CAG

The CAG said the total grants-in-aid from the Centre, increased from Rs 16,150 crore (2014-15) to Rs 23,066 crore (2018-19).

Jammu and Kashmir’s total expenditure, which includes revenue expenditure, capital outlay and disbursement of loans and advances, increased from Rs 34,550 crore to Rs 64,572 crore from 2014 to 2019, the Comptroller and Auditor General (CAG) of India has said.

For 2018-2019, the overall position of the budget estimate was Rs 1,11,850 crore and the expenditure was 95,386 crore. The figures stand at Rs 53,897 crore for budget estimates and Rs 62,296 crore for actual expenditure in 2014, the CAG said in its report on social, general, economic and revenue for the year ended March 31, 2019.

The report, which was recently tabled in Parliament, said the budget estimates and actual expenditure for 2015-16 was Rs 62,726 crore and Rs 79,281 crore, respectively, while the budget estimate was Rs 80,465 crore and actual expenditure was Rs 85,084 crore in 2016-17.

The budget estimate was Rs 89,939 crore and actual expenditure Rs 89,624 crore in 2017-18, it said.

“The total expenditure of the state (Jammu and Kashmir) increased from Rs 34,550 crore to Rs 64,572 crore during the period from 2014 to 2019, while the revenue expenditure increased by 91 per cent from Rs 29,329 crore in 2014-15 to Rs 56,090 crore in 2018-19,” the CAG said.

News Source:- Financial Express

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