Circular issued to cut down budgetary provisions of State Institutions for 2023

February 2, 2023 at 10:56 AM

The Ministry of Finance has issued a circular to state institutions to cut down a minimum of 6% from budgetary provisions for the year 2023.

The relevant circular has been issued to all Secretaries of Ministries, Provincial Councils, Heads of Departments, District Secretaries, Heads of State Corporations, Statutory Boards and government-owned companies.

The circular has been issued with the aim of using government expenditure more sparingly and reducing unnecessary expenses as much as possible in order to reduce the adverse consequences that may arise due to the severe difficulties that have arisen in collecting the estimated gross government revenue for this year.

This circular has also informed that the revised cost estimates containing identified methods to reduce costs should be submitted to the National Budget Department before February 28. (NewsWire)