Minister of State Capital Administration and Development Division, Barrister Usman Ibrahim, directs to take action against failure to surrender unspent funds by 15-05-2015

Islamabad, June 30, 2015 (PPI-OT):Barrister Usman Ibrahim, Minister of State Capital Administration and Development Division, took serious notice of financial irregularities in CA and DD. “Why the unspent funds for financial Year-2014-2015 were not surrendered by 15-05-2015”, asked the Minister.

He further said that it has been observed with great concern that steps to purchase equipments, office furniture etc are taken at the end of the financial year. These hasty purchases at the end result in non-compliance of PPRA rules, unnecessary spending and un-fulfilment of other formalities which are a pre-requisite for ensuring transparency and austerity in expenditure.

The Minister in this regard has directed the concerned Heads of Departments in CA and DD to submit complete details of all types of expenditure from 01-04-2015 to 30-06-2015, specifying the Competent Authority who issued directions of these expenditures, so that the volume and modality of the expenditure could be ascertained. He further directed the Secretary to take action against the violators.

The Minister said that it is an unethical practice to incur expenses at the end of the financial year instead of surrendering the unspent amount on the due date. This non compliance results in indiscriminate spending which is against the Prime Minister’s directive to adopt austerity measures.

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