Governor Reviews Financial Management Issues

SRINAGAR — In a meeting held at the Raj Bhavan on Tuesday Principal Secretary Finance, Mr. Navin K. Choudhary gave a detailed presentation to Governor N.N. Vohra on the execution of current year’s budget, the obtaining fiscal and revenue position and the various salary related and other emerging fiscal problems. He informed the Governor that while revenue expenditure is taking place at its own pace, the pace of developmental expenditure needs to be speeded up so that the targets fixed for the year are achieved.

Governor re-iterated his serious concern for maintaining financial prudence, ensuring against any kind of wasteful expenditure, utilisation of available resources for securing the maximum possible benefit for the people, while adhering to financial rules and regulations to ensure transparency and accountability of public expenditure. Governor had convened this meeting to review the current status of State finances, macroeconomic parameters and other emerging challenges.

Appreciating the functioning of the Expenditure Management Cell in the Finance Department, Governor emphasized the need to use IT tools to regularly monitor all expenditures. He directed that all releases should be timely made through BEAMS and PFMS and DBT Portal should be fully operationalized for capturing all expenditure data to ensure transparency.

Governor directed Principal Secretary Finance to closely scrutinize the entire Budget to ensure against any avoidable expenditure and all resources being used for the completion of all incomplete projects. He also directed that the contracting and procurement processes should be revamped to bring them in line with the best practices elsewhere.

While expressing regret on the very slow progress to regularize the services of casual labourers, need based workers etc., Governor directed that all Administrative Secretaries should be urgently informed to personally monitor the urgent submission of cases to the Finance Department for approval and if they found that the number of casual workers shown against their Departments are in- correct, the same must be immediately corrected. Governor emphasized the need to have a full clarity regarding the exact number of eligible workers who have to be regularized.

 

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