J&K And Ladakh To Get Budget For Next Five Months By October 14

The Jammu and Kashmir Government has geared up to prepare the first budget for the newly created Union Territories of J&K and Ladakh after the abrogation of Article 370 in August. The Government on Friday has ordered that separate budgets of the two UTs would be prepared by October 14 for the next five months beginning November 1.

According to a circular issued by the Finance Department, the budget for the current financial year (2019-20) has to be segregated in two parts — seven months from April 1, 2019, to October 31, 2019, as the state of J&K and for five months from November 1, 2019, to March 31, 2020, as UTs of J&K and Ladakh.

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