FD tightens additional funds allocation mechanism
ISLAMABAD: The Finance Division (FD) has tightened the mechanism for re-appropriation and additional allocation of funds, restricting requests for supplementary grants and allowing relaxation of the May 31 cut-off date only in exceptional cases, including unavoidable June payments and salary-related shortfalls. In a circular issued, the Budget Wing directed all Principal Accounting Officers…
The Finance Division (FD) has tightened the mechanism for re-appropriation and additional allocation of funds in Pakistan, restricting requests for supplementary grants and allowing relaxation of the May 31 cut-off date only in exceptional cases. This includes unavoidable June payments and salary-related shortfalls. The new circular issued by the Budget Wing directs all Principal Accounting Officers (PAOs), heads of departments, organisations, and subordinate offices to strictly adhere to the revised strategy for re-appropriation, Technical Supplementary Grants (TSGs), and Supplementary Grants during the current and upcoming financial years.
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