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.
Singh has clarified that in the last financial years, the fiscal space of the state has been consolidated due to the circumstances caused by COVID-19. The State is now recovering from the effects of the pandemic, but Resources are still limited. In such a situation keeping in view the limited resources, the budget for the financial year 2023-24 should be prepared, he added.
From the financial year 2017-18, the budget
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