Skip to content
Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Armed Houthi fighters raise a rifle and fists beside a mounted weapon in Yemen.
    Videos

    Yemen Strikes Kill Three Children, Houthi Agency Says

    October 17, 2026 1 Min Read
    U.S. Navy SEAL Jocko Willink in 2024 on the “Jocko Podcast” that his unit took part in the operation that captured Yaqoubi.
    Videos

    Iraq: Mustafa Yaqoubi Arrest Preceded 2004 Sadr Uprising

    September 17, 2026 2 Min Read
    Fox NFL Reporter Erin Andrews 2009 hotel video
    SportsVideos

    Fox NFL Reporter Erin Andrews Recalls Career Fears After 2009 Hotel Video

    September 12, 2026 1 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Stricter Fiscal Measures Introduced by Caretaker Government
PhotoNews PakistanPhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
: "Caretaker Government Fiscal Policy 2023"
PhotoNews Pakistan > Pakistan > Stricter Fiscal Measures Introduced by Caretaker Government
Pakistan

Stricter Fiscal Measures Introduced by Caretaker Government

Web Desk
By Web Desk Published August 28, 2023 3 Min Read
Share
SHARE

The caretaker government has introduced stringent fiscal measures, explicitly barring supplementary grants unless faced with major natural disasters. This policy will remain until the inauguration of an elected government.

In a directive, the Ministry of Finance stated to all concerned departments: “No Supplementary Grants exceeding the parliamentary-approved level for FY24 will be sanctioned, ensuring adherence to the prescribed budget allocation. The only exception will be in response to significant natural disasters.”

However, even in cases of natural disasters, supplementary grants will only be contemplated if there are no means for fund reallocation. The grant will only be pursued if the department’s chief accounting officer confirms having explored all possible avenues. Furthermore, such claims need authentication from the pertinent accounting organization.

For a supplementary grant to be deliberated upon, the chief accounting officer must give a strong justification and sound reasons. The finance ministry’s expenditure department should second these justifications.

Process for Technical Supplementary Grants

On the matter of technical supplementary grants, the procedure is as follows:

  1. Only the chief accounting officers can request funds, providing details of the sources and affirming the funds’ surrender.
  2. The expenditure division will meticulously evaluate these cases and present their findings to the budget division for assessment. Before sanctioning funds, this process will consider data process reports and available fiscal space.
  3. After this, the finance secretary will oversee these requests, culminating in the approval of the Economic Coordination Committee (ECC) and the cabinet.
  4. Upon federal cabinet sanctioning, the principal accounting officer will provide a detailed schedule backed by the expenditure division, including the ECC’s decision, cabinet ratification, and surrender order. This will be sent to the director of budget computerisation for entry into the SAP system, ensuring the finance ministry’s future releases align with available funds and the prescribed release strategy.

All departments have been informed that if the funds allotted for a specific service for the ongoing financial year prove inadequate or if there arises an unforeseen expense, the principal accounting officers must adhere to a stringent protocol for fund reallocation.

Furthermore, chief accounting officers have been endowed with additional funds for this fiscal year’s ad hoc relief allowance, which was introduced in the current year’s budget. They’ve been directed to reallocate funds in conjunction with the finance ministry specifically for the ad hoc relief allowance and to do so no later than August 31st.

TAGGED:FeaturedPak­istan
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

Bank Alfalah Pehchan account

Recent Posts

Israel's Prime Minister Benjamin Netanyahu.

Israel Leaves Iran Strikes Open as Trump Weighs Longer Stay

Hina Javed wearing a green outfit in a portrait photograph

Hina Javed Murder Case: Suspect’s Father Alleges Police Torture

Iran flag over map showing Yemen and nearby Middle East region.

Iran Violence: Rights Group Records at Least 94 Deaths

Post Archives

More Popular from Photonews

Rapper Soulja Boy standing in front of a large American flag beneath a social media post suggesting a possible 2028 presidential run.
Entertainment

Soulja Boy Teases 2028 US Presidential Run on Instagram

2 Min Read
Pakistan nil income tax returns %
Business

FBR Extends Tax Return Deadline Again to October 31

1 Min Read
Atlanta Dream players featured in a promotional collage ahead of the 2026 WNBA Finals against the Golden State Valkyries.
Sports

WNBA Finals 2026: Valkyries Host Dream at Chase Centre

3 Min Read
Sports

Lionel Messi Brace Gives Inter Miami 3-1 Win at Atlanta

ATLANTA: Lionel Messi scored a second-half brace as Inter Miami CF beat Atlanta United FC 3-1…

October 18, 2026
Top NewsWorld

Delhi Metro Closes Six Stations to Entry and Exit in India

NEW DELHI: Delhi Metro shut entry and exit at six stations in India’s capital on Monday…

October 12, 2026
World

US School Shooting: Police Credit Teacher and Armed Father

BEND: A teacher and an armed father helped prevent further deaths in a US school shooting…

October 17, 2026
Sports

Muchova Sets Tie-Break Record in 3-6, 7-6, 7-6 Wuhan Win

WUHAN: Karolina Muchova set a tie-break record with a 3-6, 7-6 (1), 7-6 (4) win over…

October 15, 2026
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

    Categories

    • World
    • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir

     

    • Top News
    • Business
    • Entertainment
    • Sports
    • Videos
    • Tech
    • Offbeat
    • Blog
    • About Us
    • Privacy Policy
    • Code of Ethics & Editorial Standards

    © 2026 Phototnews
    All Rights Reserved.

    Welcome Back!

    Sign in to your account

    Lost your password?