Jharkhand to mop up unused Rs 10,836 crore plan fund
The government expenditure under plan heads is still 70.45%, which is, however, 7.45% higher than the previous fiscal (2015-16)ranchi Updated: Feb 23, 2017 15:29 IST
With merely 38 days to conclude the current fiscal (2016-17), Jharkhand government is yet to utilize a whopping Rs 10, 836 crore on plan heads. The government expenditure under plan heads is still 70.45%, which is, however, 7.45% higher than the previous fiscal (2015-16).
This came to fore during chief minister Raghubar Das’ review of the expenditure of 2016-17 budget and expenditure plan for 2017-18 on Tuesday.
A sum of Rs 25, 837 crore of plan head could be utilized or withdrawn till February 20 of 2016-17 fiscal against the total plan outlay of Rs 36,673 crore. Officials in the finance department said a sum of Rs 18,981 crore was spent in February in the fiscal of 2015-16, which was 63% of the total plan outlay, they said.
State finance secretary Amit Khare claimed, “This is the highest ever expenditure achieved in last 16 years.” He said the expenditure would be around 80% by end of February and 95-97% by March end.
As per the report presented to the CM, only 15 departments could spend more than 60% of the budget amount allotted to them, while seven departments spent between 40% and 60%. Five departments performed poorly and spent less than 40% of the budget amount.
Das directed the officials to take the expenditure up to 100%. “We have to utilize 100% amount of the planned budget to become a developed state,” he said.
Special work officer of the finance department Sunil Kumar Sinha was made the nodal officer to help in smooth release of the fund from the state exchequer.
Das said that 2017 would prove to be a turning point in scripting Jharkhand’s development history.
To speed up the schemes to be taken up during 2017-18, the development commissioner will hold a meeting of state planning authority every Thursday, between February 23 to March 31.
The authority in its February 20 meeting had recommended 38 proposals worth Rs 4,009.13 crore for next fiscal.
First Published: Feb 23, 2017 15:29 IST