Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Billie Eilish Elon Musk
    EntertainmentVideos

    Billie Eilish Criticizes Elon Musk, Calls Billionaire Wealth “Pathetic”

    November 14, 2025 3 Min Read
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 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

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

Xbox Partner Preview

Xbox Partner Preview Event Set for November 20 with New Game Reveals

Rs 1500 prize bond draw 2025

Rs 1500 Prize Bond November 2025 Draw Results Announced

Apple AI data sharing rules

Apple Issues New Rules for Third-Party AI Data Sharing in Apps

Post Archives

More Popular from Photonews

AJK Prime Minister Raja Faisal Rathore
Azad Jammu Kashmir

Raja Faisal Rathore Sworn In as New AJK Prime Minister

2 Min Read
Cardi B Harassment from Offset
Entertainment

Cardi B Fears for Safety Amid Escalating Harassment from Offset

4 Min Read
Trump Diddy commutation
Entertainment

Sean “Diddy” Combs’ Prison Release Date Extended

3 Min Read
Sports

Cristiano Ronaldo Welcomes Irish Fans’ Boos Ahead of World Cup Qualifier

Portuguese captain Cristiano Ronaldo has openly welcomed the prospect of hostile treatment from Irish supporters during…

November 13, 2025
Offbeat

Sony Pictures to Develop Movie Based on Popular Labubu Dolls

Sony Pictures has secured rights to develop a feature film based on the globally popular Labubu…

November 15, 2025
Sports

Porsche to Field Four Factory Cars in Formula E from 2026-27 Season

Porsche Motorsport has unveiled a significant strategic expansion of its Formula E program, confirming it will…

November 18, 2025
Top NewsWorld

Sheikh Hasina Guilty of Crimes Against Humanity in Bangladesh

Dhaka: Bangladesh’s International Crimes Tribunal has convicted ousted Prime Minister Sheikh Hasina of crimes against humanity.…

November 17, 2025
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

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?