SRINAGAR: The Central government is expected to present the budget of Jammu and Kashmir in both houses of Parliament during the ongoing session, which began yesterday. According to CNS this will be the first budget of Jammu and Kashmir post scrapping of Article 370 and bifurcation of erstwhile state into two union territories.
Quoting sources, media reports said the next year’s budget will be passed in the second week of March which is a delay of about three months as compared to last year and the Finance Department was fully prepared to manage the things and release funds to various Heads immediately after getting the nod from the Union Government.
Sources further said, “Exercise is on and it will hardly make any difference even if the budget gets the Parliament nod in March.” The annual budget of Jammu Kashmir for the current financial year of 2019-20 was approved by the then State Administrative Council (SAC) headed by then Governor Satya Pal Malik in December 2018 when the State was under the Governor’s rule.