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Restrictions on Expenditure during the Last Quarter of the Financial Year – Finmin Order

MOST URGENT F. No. 21(1)/-PD/2005 Ministry of Finance Department of Economic Affairs Budget Division (Cash Management Cell) North Block. New D

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MOST URGENT
F. No. 21(1)/-PD/2005
Ministry of Finance
Department of Economic Affairs
Budget Division
(Cash Management Cell)
North Block. New Delhi. 
dated December 5. 2012.
OFFICE MEMORANDUM 
Sub: Cash Management System in Central Government — modified exchequer control based expenditure management and restrictions on expenditure during the last quarter of the financial year – reg.

The undersigned is directed to refer to the recently concluded pre-budget/RE. meetings wherein Finance Secretary has emphasized on the need for prudent financial management/expenditure rationalization due to the tight resource position in the current financial year. The necessity to curb rush of expenditure in the last quarter of the year particularly in the month of March and restricting the expenditure in the last quarter of the current financial year to 33% and during the month of March. 2013 to 15% of the Budget Estimates. was reiterated.
2.  It is. therefore. requested that the 33% and 15% expenditure ceilings in respect of each scheme. in the last quarter of the current financial year and during the month of March. 2013 respectively, should be strictly adhered to. Where the Revised Estimates for 2012-13 are lower than Budget Estimates. Actual expenditure may be kept within RE ceilings. Compliance of the above instructions is being monitored at the highest level in the Ministry of Finance.  All F.As are. therefore. requested to enforce compliance on the above instructions without any deviation.

3. This issues with the approval of Finance Secretary.

Sd/-
(Dr. Rajat Bhargava) 
Joint Secretary(udget)
Source: www.finmin.nic.in
[http://finmin.nic.in/the_ministry/dept_eco_affairs/budget/CMS_expMang_Rest05122012.pdf]

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