Departments asked to curtail unproductive revenue expenditure

 Preparing Budget estimates for 2023-24

STAFF REPORTER

GUWAHATI: The State Finance Department has instructed all departments to curtail unproductive revenue expenditure while preparing the Budget estimates for the financial year 2023-24. Also, this time the State Finance Department is adopting the 'Green Budgeting' concept for the first time to understand the impact of government policies on the environment, help achieve environment and climate goals for more informed decision-making and to fulfill national and international commitments.

In this regard, the Principal Secretary, State Finance Department, has written a letter to all Additional Chief Secretaries, Principal Secretaries, Commissioner Secretaries, Secretaries of all departments and all heads of departments as well as Principal Secretaries of all autonomous councils.

The Budget session of the Assam Legislative Assembly will begin from March 10, 2023 and State Finance Minister Ajanta Neog is likely to place the Budget for 2023-24 on March 16.

The Finance Department has mentioned some points which the departments have to keep in mind while preparing the Budget estimates. The Budget estimates have to be prepared on a realistic basis so that there is a reasonable relation between Budget estimates of 2023-24, the Revised Estimates of 2022-23 and the actuals of the financial year 2021-2022.

The status of implementation of Budget announcements for the FY 2021-22 and 2022-23 (as on 31.01.2023) should be updated on the finance department portal by February 20, 2023. The Administrative Departments must submit 'Quarter-wise Expenditure Plan' against each head of account. However, it is to be noted that not more than 25% will be permitted to be spent under the last quarter of the financial year.

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