Restrictions have been imposed on purchase of office equipment, vehicles, materials as well as recruitment of new posts, till March 31, 2024. The circular issued by the Finance Department has directed all the government departments to reduce all office expenditure by 25 per cent excluding employee salary, pension and loan repayment. The Finance Department had also directed the Director of Accounts not to entertain any bills of purchases made of materials from the date of issue of the Office Memorandum. The Finance Department has encouraged the departments to surrender savings under Revenue Account by making judicious assessment of their requirements. (Official of the Finance department to O Heraldo)

Source: The Herald December 27, 2023 23:14 UTC