Budget Preparations Begin — Federal Departments Ordered to Return Unused Funds
Islamabad — As preparations for the next fiscal year’s budget get underway, the Pakistani government has directed all federal ministries and departments to return unspent funds to the Finance Division without delay.According to an official notification, all departments have been instructed to submit their projected savings to the Finance Division by May 10, a move…
Islamabad — As preparations for the next fiscal year’s budget get underway, the Pakistani government has directed all federal ministries and departments to return unspent funds to the Finance Division without delay.
According to an official notification, all departments have been instructed to submit their projected savings to the Finance Division by May 10, a move aimed at enabling accurate and realistic budget planning for the upcoming financial year.
Economic analysts view the directive as a significant step toward enforcing fiscal discipline and narrowing the budget deficit. Pakistan is currently operating under an IMF programme that demands stringent oversight of public expenditure and greater transparency in financial management.
The move signals the government’s intent to streamline public finances ahead of what is expected to be a challenging budget cycle, amid ongoing pressures of inflation, debt servicing, and development funding requirements.
