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Adhere to spending cap in March: FinMin to Ministries

Adhere to spending cap in March: FinMin to Ministries

Thursday, March 9, 2017, 4:01 PM

The Finance Ministry has asked other ministries not to breach financial propriety and restrict expenditure to a 15% ceiling in March, to avoid expenditure rush in the last month of the financial year. The ministry has asked various government departments and ministries, which are not on the Public Financial Management System portal, to update their expenditure and revenue collections on a daily basis.
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