Jammu & Kashmir Sets New Capital Expenditure Ceilings for Efficient Financial Planning

The Jammu and Kashmir Finance Department has set capital expenditure ceilings for the 2026–27 financial year and established an April 21 deadline for uploading projects on the BEAMS portal, according to an official spokesperson.

This initiative aims to authorize funds early this year to facilitate timely execution of projects. The Finance Department has instructed all administrative departments and district development commissioners (DDCs) to input approved works and activities into the BEAMS portal as outlined in the B12 statement, allowing for the immediate disbursement of 50 percent of the allocated funds.

DDCs are working closely with MLAs and elected representatives to finalize plans within the specified timeframe. Emphasis has been placed on ongoing projects, with a mandate that 70 percent of the capex budget be allocated to their completion, while also addressing funding gaps in dormant projects. Projects must be completed within two years, with possible extensions for mega projects. Ensuring financial transparency, both Central and UT shares of Centrally Sponsored Schemes and NABARD projects must be reflected on the BEAMS portal.