Finance Ministry asks ministries to limit expenditure as per revised targets


The Finance Ministry on Wednesday asked ministries and departments to restrict their expenditure for the remaining months of the current fiscal as per the Revised Estimates (RE) target amid moderating revenues due to the COVID-19 crisis.

The Budget meetings for fixing Revised Estimates for 2020-21 and Budget Estimates (BE) for 2021-22 were held between October 16 and November 12.

Ministries and departments are requested to strictly adhere to the expenditure ceiling decided in the meeting, the Finance Ministry said in an office memorandum.


Financial Advisers may ensure that the expenditure is maintained within the ceiling decided during the meetings for RE 2020-21,” it said.

Source link

Articles You May Like

Dwayne ‘The Rock’ Johnson on where he gets his drive
How to vet budgeting and investing apps before you hand over money
U.S. to change allocation to favor states that quickly administer shots
Stricter framework for banks, NBFCs on anvil: RBI Guv Shaktikanta Das – The Economic Times Video
Investors looking for clarity but likely won’t get it

Leave a Reply

Your email address will not be published. Required fields are marked *