Team Goemkarponn
PANAJI: For the last quarter of the current fiscal year, which runs from January to March 31, 2025, the state administration has imposed budgetary constraints on every agency. The goal of the action is to reduce wasteful revenue expenditure, set aside money for development initiatives, and guarantee that preparations are made for paying arrears and updated salaries.
Every department must implement a 25% reduction in budgetary revenue expenditure, excluding interest payments, debt repayments, salaries, and pensions, according to an office letter released by the Under Secretary (Finance) on Tuesday.
Additionally, with the exception of flagship government programs, departments are not allowed to spend more than 20% of their budgetary estimate in the most recent quarter.
Additionally, the finance department instructed divisions to look into cutting expenses by as much as 40% if possible. Until further notice, all departments, autonomous entities, and enterprises are prohibited from creating new positions. Purchases of electrical and electronic appliances, fixtures, furniture, and other items are restricted by the government.
office cars, and many things to March 31, 2025. The finance department must give its prior clearance to departments that need certain items.
Additionally, unless pre-approved, the directive directs the accounts department to refrain from processing bills for transactions made during the prohibition period.
