JK revenue receipts rose in 2021-22 but fell short of budget estimates: CAG

New Delhi : The revenue receipts of Jammu and Kashmir in 2021-22 increased by 13 per cent as compared to the previous year but it still fell short of the budget estimates by 39 per cent, the Comptroller and Auditor General (CAG) said on Tuesday. Presenting the Union Territories Finances Audit Report for the year ending March 31, 2022 in Parliament, the federal auditor said the Government of Jammu and Kashmir had an outstanding liability of Rs 29,335.41 crore. Besides, there are outstanding borrowings amounting to Rs 2,122.77 crore of Jammu and Kashmir Infrastructure Development Finance Corporation (JKIDFC) and Rs 10,321.83 crore of J&K Power Corporation Limited.