Process for 2022-23 state Budget starts

STAFF REPORTER

GUWAHATI: The state budget for fiscal 2022-23 is under process now as the Finance Department has issued necessary instructions to various departments.

Ajanta Neog, the first lady Finance Minister of the state, will present her first full-fledged budget in electronic mode during the forthcoming budget session of the Assam Assembly.

After the Chief Himanta Biswa Sarma-led government came to power in May 2021, Neog did present the budget for six months of fiscal 2021-22.

The Finance Department has instructed various departments to cut unproductive revenue expenditures while preparing their respective budgetary estimates for fiscal 2022-23. It has also asked the departments to submit their implementation status of budgetary announcements of fiscal 2020-21 and up to December 31, 2021, of fiscal 2021-22. The Finance department has spelt out that the departments cannot spend more than 25 per cent of the total budgetary allocations in the last quarter of the financial year.

The Finance Department has set February 5, 2022 deadline for the departments to submit their respective budget estimates.

After getting the expenditure status of the last fiscals (2020-21 and up to December 31 of 2021-22) of various departments, the Finance Minister will review the department-wise expenditure of budgetary allocations of the previous financial years.

She will start the preparations for the 2022-23 Budget soon, but not before getting the nod from the Chief Minister.

The Governor summoned the Budget session of the State Assembly from March 14, 2022.

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