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Four-wheelers cannot be purchased without financial consent

. Prior consent of the Ministry of Finance is mandatory if a new four-wheeler is to be purchased from the allocated budget.

No vehicle can be purchased without prior consent in the ‘Guidelines related to the implementation of the budget for the current fiscal year’ issued by the Ministry of Finance on Monday.TAG_OPEN_div_32 Prior approval of the ministry is also mandatory for foreign travel.

Only houses with minimum infrastructure and facilities located outside the main commercial center or main road should be rented only if a government-owned building is not available.

Government bodies shall have to use vacant government buildings on priority for the performance of office work. It is stated in the guidelines that the rented house should be used wholly for government purposes only.

Water, electricity, communication tariff, house rent, fuel, maintenance expenses, expenses for materials and office materials, allowances, training, seminars, service charges, travel expenses and other administrative expenses will have to be spent with maximum austerity.TAG_OPEN_div_26 The guidelines have made provision that public expenditure should be kept austerity.

Monthly cash plan should be formulated and sent to the Ministry of Finance for the effective utilization of government funds by making the payment system easy and systematic. If the payment of more than one billion rupees is to be made to manage the cash flow, it has to be compulsorily informed to the Ministry of Finance within seven days.

Financial risk mitigation measures shall be adopted by assessing the financial risks that may arise in the course of the implementation of projects and programs.TAG_OPEN_div_22

Finance Secretary Dr Ghanashyam Upadhyay said that efforts should be made to improve capital expenditure by ensuring the effective implementation of big infrastructure projects and developing a risk assessment system and strengthening fiscal risk management.TAG_OPEN_div_20

The guidelines have urged the government to make arrangements to send the problems and reasons in the implementation of the budget to the National Planning Commission and the Ministry of Finance. The budget implementation will be reviewed in the Finance Ministry every two months.

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