This Report on the finances of the Government of Jammu and Kashmir provides an analytical review of the financial performance of the State during the year 2014-15 based on the audited accounts of the State Government for the year ending 31 March 2015 and additional data such as the Economic Survey brought out by the State government and Census, in three Chapters.
Chapter-1 is based on the Finance Accounts and makes an assessment of Government’s fiscal position as on 31 March 2015. It provides an insight into trends and profile of key fiscal aggregates, committed expenditure, borrowing pattern, besides a brief account of central funds transferred directly to State implementing agencies through Off Budget route.
Chapter-2 is based on Appropriation Accounts and gives grant-wise description of appropriations and the manner in which the allocated resources were managed by the service delivery departments. Comments arising out of inspection of treasuries have also been made in the chapter.
Chapter-3 is an inventory of Government’s compliance with various reporting requirements and financial rules and non-submission of accounts