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Home Latest News

FD directs ceiling of 30 pc expenditure in last quarter, 15 pc in last month of FY

Kashmir Pen by Kashmir Pen
5 years ago
in Latest News, State News
Reading Time: 2 mins read
J&K Civil Secretariat employees directed to deposit ID cards on transfer or retirement

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Admn Secys to supervise measures

TOs to monitor, regulate funds

The Finance Department today directed all Government departments to maintain overall ceiling of 30 percent expenditure during last quarter of the financial year 2021-22.

However, the expenditure during last month of the current financial year will be restricted to 15 percent of the budget allocation.

“The Departments shall ensure uniform pace of expenditure during the financial year 2021-22. The overall ceiling of 30 percent expenditure shall be maintained during the last quarter of the financial year. The expenditure during last month of the fiscal year shall be restricted to 15 percent of budget allocation,” a Circular issued by Atal Dulloo, Financial Commissioner (Additional Chief Secretary) Finance Department, said.

It called upon the Treasury Officers to strictly monitor and regulate expenditure at their level by following all required provisions of GFR-2017 and instructions issued by the Finance Department from time to time.

The Finance Department warned that any lapse in this regard by the Treasury Officers will result in appropriate disciplinary procedure against the concerned officers/officials.

Asking the Administrative Secretaries to effectively supervise and take necessary steps for implementation of standard measures issued by the Finance Department today, Dulloo directed that the Director Finance (s) and FA/CAOs shall assist the Administrative Secretaries in securing the compliance to these measures and also submit regular report to the Finance Department in case they notice any violations.

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“The expenditure shall be regulated in such a manner so as to ensure that all procedures are complied with and there is no irregular, infructuous or wasteful expenditure,” the Finance Department order said.

It added that the additionality proposals involving new schemes/projects shall be avoided at this stage as the budget formulation exercise has already been completed.

“Proposals for parking of funds in ‘Civil Deposit’ in order to avoid lapsing of funds shall not be entertained and processed,” the order said and added that the funds shall be drawn as per the actual demand and requirements.( DE )

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