BUDGET 2026-27: J&K Govt asks administrative deptts to initiate preparations
Jammu, Oct 3: J&K Government has set in motion the budget preparation exercise for the year 2026-27 with a slew of directions and a timeline to complete the process.
J&K Finance department, to achieve its target date, has set October 20, 2025, as the completion date for the budget preparation at the DDO level and October 25, 2025, at the HoD level.
Principal Secretary Finance, Santosh D Vaidya has directed all the administrative departments, HODs, Budget Controlling Officers and DDOs to start Budget preparation exercise for the year 2026-27 in the “right earnest to enable examination, compilation and consolidation of Budget Estimates of 2026-27 and Revised Estimates of 2025-26 in the Administrative Departments for onward submission of the same to the Finance Department.”
“The Administrative Departments shall further carry out due scrutiny of estimates and forward their recommendations to the Finance Department not later than October 30, 2025. To achieve this target date, the budget preparation at the DDO and the HOD level shall be completed by October 20, 2025 and October 25, 2025, respectively,” Vaidya ordered.
He has specified that the budget preparation forms for both revenue budget and capital budget will be made available to all the field offices as well as the Administrative Departments, online through 'Budget Estimation, Allocation and Management System' (BEAMS) only.
“Hard copies of forms except for B4(i), B4(ii), B-10 and project-wise statement shall not be entertained in the Finance Department. The technical assistance in this regard shall be taken from the PMU Team, Finance Department and the Resource Persons available in each District Treasury,” Vaidya has instructed.
In this connection, a detailed set of instructions has been issued for the preparation of Budget proposals by the Departments. Besides, they can refer to the budget manual for extant instructions.
All the Administrative Secretaries have been asked to send budget proposals in respect of each HOD to the Finance Department by the notified date.
The calendar for the discussion of the Budget proposals of the departments will be issued separately, Vaidya has specified. The instructions stipulate that the Budget proformas will be submitted in soft copies in respect of Revenue and Capex.
“No proposal shall be accepted if it is not complete in all respects as per guidelines issued,” Vaidya has warned.
In the case of the Receipt budget, all revenue-earning departments, big or small, have been asked to furnish the information strictly as per the prescribed format.
“It shall also be ensured that targets fixed for revenue shall be achieved in full. Online physical status may be provided to the Finance Department in respect of the Receipt Budget. The receipt position shall be furnished object-wise, along with unit rates as collected by the Departments over the last five years. The classification mismatch if any shall also be pointed out by the Departments while furnishing the Receipt Budget,” Vaidya has ordered.
The instructions stipulate that the receipt note should contain ways and means to augment revenues collected by each Department in a precise manner. The autonomous bodies and PSUs being provided grant-in-aid or loan will also provide object-wise revenue receipts collected over the last five years and the current year in a separate statement.
It has been pointed out that huge variations have been noticed by the Finance Department in the actual expenditure of the preceding year, as shown by the Departments and the numbers as shown by the Accountant General (A&E) J&K in the Annual Finance Account of that year. “This has been viewed seriously. Care should, therefore, be taken to reflect the correct and duly reconciled expenditure in the specified forms,” Vaidya has ordered.
