ISLAMABAD – The Ministry of Finance has decided against considering supplementary grants for unbudgeted expenditures exceeding the limits approved by Parliament, except in cases involving severe natural disasters, as part of efforts to meet the conditions of the International Monetary Fund’s (IMF) $7 billion Extended Fund Facility (EFF) programme.
The ministry’s Budget Wing has developed a strategy for the re-appropriation of funds and the provision of additional funding during the current fiscal year.
Under the new guidelines, supplementary grants will only be considered where the required funds cannot be arranged through re-appropriation or a Technical Supplementary Grant (TSG).
In such cases, the relevant Principal Accounting Officer (PAO) will be required to provide a strong justification and acceptable reasons for seeking a supplementary grant.
The guidelines will apply to all Principal Accounting Officers, departments, organisations, subordinate offices, accounting organisations and accounting offices during the current and upcoming fiscal years.
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