Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
The Jammu and Kashmir government has cleared over INR 18,382 crore in financial liabilities during the financial year 2025-26, covering dues to contractors and retired employees. Chief Minister Omar Abdullah informed the Legislative Assembly that payments are being processed regularly through a structured system. Major payouts include contractor bills, GPF, gratuity, and other retirement benefits. Most dues have been settled up to the past week, while GPF claims have been cleared up to the end of last year. The government also clarified that fund allocation is based on expenditure heads, not regional divisions.
Jammu and Kashmir Chief Minister Omar Abdullah said the government has been regularly clearing its financial liabilities, including dues to contractors and retired employees, with payments exceeding INR 18,000 crore during the financial year 2025-26. Advertisement
Responding to a query raised by Sham Lal Sharma in the Legislative Assembly, Abdullah stated that the government has been consistently clearing bills presented at treasuries. He explained that dues related to contractors and retired employees are also being settled at regular intervals, ensuring that liabilities do not accumulate over time.
According to the finance department, a total of INR 18,382.26 crore has been disbursed so far in the current financial year. The payments have been made across multiple categories, reflecting the government's effort to address both infrastructure-related dues and employee benefits.
Out of the total amount, INR 7,800.58 crore has been paid towards contractor bills, which is significant for ongoing and completed development works. Payments under the General Provident Fund (GPF) stood at INR 5,821.43 crore, while INR 2,864.14 crore was disbursed as gratuity. In addition, INR 1,123.22 crore was released for commutation and INR 773.47 crore towards leave salary.
The chief minister further indicated that most payments under these categories have been cleared up to the past week, showing steady progress in reducing pending dues. However, GPF-related claims have been settled up to the end of last year, indicating a slightly longer processing timeline for these cases.
Addressing concerns about pending liabilities, Abdullah noted that dues are being cleared in a systematic manner through a structured mechanism designed to ensure timely payments. He also clarified that fund allocation is not done on a division-wise basis. Instead, it is managed through specific heads of expenditure, and all treasury payments are recorded accordingly under these categories.
This approach, he suggested, helps maintain financial discipline and transparency in how government liabilities are tracked and settled across departments.
Source PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
