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Financial
Jammu and Kashmir

Report of 2016 - State Finances Government of Jammu and Kashmir

Date on which Report Tabled:
Tue 04 Jul, 2017
Date of sending the report to Government
Government Type
State
Sector Finance

Overview

This Report on the finances of the Government of Jammu and Kashmir is brought out to assess the financial performance of the State during the year 2015-16 vis-a-vis the Budget Estimates and the targets set under the Fiscal Responsibility and Budget Management Act, 2006. The report analyses the dominant trends and structural profile of Government's receipts and disbursement

Based on the audited accounts of the State Government for the year ending 31 March 2016 and additional data such as the Economic Survey brought out by the State Government and Census, this report provides an analytical review in three Chapters

Chapter-1 is based on the Finance Accounts and makes an assessment of Government's fiscal position as on 31 March 2016. It provides an insight into trends and profile of key fiscal aggregates, committed expenditure, borrowing pattern, besides a brief account of central funds transferred directly to State implementing agencies through Off Budget route

Chapter-2 is based on Appropriation Accounts and gives grant-wise description of appropriations and the manner in which the allocated resources were managed by the service delivery departments. Comments arising out of inspection of treasuries have also been made in the chapter

Chapter-3 is an inventory of Government's compliance with various reporting requirements and financial rules

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