Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Zayn Malik Drops Die For Me Music Video
    Videos

    Zayn Malik Releases Die For Me Music Video Ahead of New Album

    February 6, 2026 3 Min Read
    Masters of the Universe teaser
    Videos

    Masters of the Universe Teaser Reveals Nicholas Galitzine as He-Man

    January 22, 2026 3 Min Read
    Bridgerton Season 4 trailer
    EntertainmentVideos

    Bridgerton Season 4 Trailer Reveals Benedict’s Love Story

    December 26, 2025 2 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

Recent Posts

Saudi Hajj visa biometric deadline

Saudi Hajj Visa Biometric Deadline Extended to February 17

Narges Mohammadi prison sentence

Iranian Court Hands Nobel Laureate Narges Mohammadi Seven More Years

Minions & Monsters trailer release

Minions Return as ‘Minions & Monsters’ Trailer Debuts at Super Bowl LX

Post Archives

More Popular from Photonews

Epstein files bill
Top NewsWorld

New Epstein Files Reignite Online Conspiracy Claims

3 Min Read
Entertainment

Taylor Swift Fuels Billie Eilish Feud Rumours With ‘Opalite’ Reference

3 Min Read
Ryan Routh Trump Assassination Attempt
Top NewsWorld

Trump Assassination Attempt Convict Gets Life Sentence

2 Min Read
Sindh

64,000 Wheat Sacks Missing from Sindh Warehouse in Jamshoro

A major wheat scandal has emerged in Sindh after authorities discovered that 64,000 sacks of wheat…

February 4, 2026
Business

KSE-100 Rises on Benign Inflation, US–Iran Talks

The local bourse advanced on Tuesday as risk appetite improved on signs of renewed US–Iran nuclear…

February 3, 2026
Entertainment

Bad Bunny’s Trump Diss Track Gains New Buzz Ahead of Super Bowl

Global music star Bad Bunny is riding a wave of success after a standout night at…

February 5, 2026
Top NewsWorld

Trump’s Board of Peace to Hold First Leaders Meeting on February 19

The Trump Board of Peace will hold its first leaders’ meeting on February 19, a U.S.…

February 8, 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?