The Cabinet which met here today under the Chairmanship of Chief Minister, Mufti Mohammad Sayeed decided that Department of Law, Justice and Parliamentary Affairs shall, as per the provisions of the State Constitution, process the matter regarding advancement of Budget Session of the State Legislature.
The Cabinet approved the proposal that the Budget allocation for the 50% of the amount under each head including CAPEX would be released by the end of February or 1st week of March to enable the line departments to make adequate preparation in advance and commence expenditure from 1st April.
The Cabinet also approved that the District Development Board meetings would be held, not later than last week of March, to finalize the developmental plan of each district,. The Cabinet decided that the midterm Budget review would be presented in the summer session to be held around mid August every year and the Law Department would take a call, as per the State Constitution, for its extension by 10 days to allow discussions and voting on midyear/revised budget.
The Cabinet also decided that the economic survey containing complete facts and figures for the last financial year would be presented in the summer session of the legislature for discussion.