The Union Government has promulgated an Ordinance to release an amount of Rs1,364.4385 crore for Uttarakhand for first four months of the financial year 2016-17.
The Ordinance was necessitated due to the political turmoil in the State and failure of the State Assembly to pass the budget. The finance secretary, Amit Singh Negi told the media persons at State Secretariat here on Friday that the President has given his approval on the ordinance.
Uttarakhand appropriation bill’ as the State is under President’s rule from March 27. This amount would be levied on the consolidated fund of the State. The ordinance would ensure that no financial problem occurs in the State which is facing a political crisis at present.
Negi said that the approved budget would be spent under 31 different heads. This amount includes an amount of `10912.6604 crore under revenue head and `2729.7781 crore under capital head. The finance secretary said that the development works would not be affected under the President’s rule.
He informed that department of finance would give its approval to new projects as per the rules and for it the department concerned should send its proposal to finance department.