Strategy to ensure govt’s financial discipline

Keeping its tight lid on public funds, the Ministry of Finance (MoF) on Tuesday issued a new strategy for the re-appropriation and allocation of additional funds during the current fiscal year to ensure financial discipline and remain within parameters committed to the international lenders. The office memorandum conveyed to the ministries and divisions restricts all the principal accounting officers and heads of all public sector organisations, agencies and departments from re-appropriation of “unreleased budget” or seeking any supplementary grant except for natural disasters and also bars all from proposing even a technical supplementary grant unless the equivalent amount is surrendered from another head and that too within that ministry or organisation.