Government of Jharkhand has started preparing the budget estimate for the next financial year 2023-24. Along with this, the revised estimate for 2022-23 is also being prepared. Finance Secretary Ajay Kumar Singh has also written a letter to the departments in this regard and asked them to prepare budget estimates.
Referring to the economic survey of the financial year 2021-22 published by the Planning cum Finance Department Singh said that there is a need to identify such areas by the departments which are still backward in terms of development. He said that while preparing the budget, the departments are expected to prepare relevant plans for the development of such backward areas and prepare a proper budget for those plans. The budget estimate will be on the basis of sanctioned post and working force.
From the financial year 2017-18, the budget in Jharkhand is being prepared by dividing it into four categories which is establishment receipts, establishment expenditure. In the scheme under Central assistance, the schemes running in the current financial year under the Central Sector Scheme, Centrally Sponsored Scheme and State Scheme and the new scheme will focus on income-expenditure in revenue receipt. Transport, land revenue, excise tax etc. Royalty, dividends earned from public undertakings, interest on government borrowings and income of departments from other sources will be included. The budget will also be prepared for the salary and other of the personnel working against the sanctioned posts in the budget. Salary amount will be calculated from September 1.