Finance Department is responsible for all matters relating to financial procedure and the application of the principles of sound finance
Responsible to implement fiscal reforms programme for providing fiscal and financial stability to the State
To ensure that proper financial rules are framed for the guidance of other departments
To generate and access resources for giving a fillip to development and growth of the State on a sustainable basis
Preparation of Budgets and supplementary estimates and to exercise budgetary control over the spending of Government departments.
Framing of rules regulating the pay, leave and pension of persons in the service of the Government and rules regulating the number, gradings or cadre and emoluments of posts under the Government and also be responsible for seeing that these rules are properly applied
Advise on the financial aspect of all transactions relating to loans granted by the Government
Prepare an estimate of the total receipts and disbursements of the State in each year and watching the state Government's balances and for their ways and means of operations
Monitors the mobilization of resources through taxes, non-taxes, revenue and borrowings and to advise Departments responsible for the collection of revenue regarding the progress of collection and methods of collection employed.
Examine and report on all proposals for the imposition, increase, reduction or abolition of taxes, duties, cesses or fees to the extent J&K UT is authorized
GP Fund management of the employees and to carry audit and inspections of various departments
To frame economic policies /financial policies based on the inference drawn from statistical analysis of data
Management and regulation of e-stamping in J&K, UT.