Jammu, January 31: The process of government formation is sure to take more time after Governor N.N. Vohra has clearly hinted at the same foremost being directing the state Chief secretary and Finance Secretary to speed up the exercise of finalising the Budget (2016-17) such that it may be approved in time. He has also asked to keep the papers ready for securing a Vote on Account in case the need arises.
The governor was chairing a meeting at Raj Bhavan to review the present situation of Budget preparation for the Financial Year 2016-17. Mr. Vohra has directed that the Budget (2016-17) be brought up on 1st March, 2016, for a final decision. This can directly mean that there is a big possibility of no government till March this year.
The governor has also asked for the submission of the revised estimates (2015-2016) for Capital expenditure such that it can be approved further and the balance funds can be released to various identified Departments for utilization in the remaining two months of Financial Year 2015-16.
The meeting was attended by B.R. Sharma, Chief Secretary, P.K. Tripathi, Principal Secretary to Governor, Navin K. Choudhary, Commissioner, Finance Department.
On a previous direction by the Governor, the Raj Bhavan spokesperson communicated the fact that the balance required funds for salaries and other revenue components have already been released by the Finance Department.