New Delhi: In an effort to maintain a fiscal deficit within targeted limits, the Ministry of Finance has requested ministries and departments to limit their expenses with revised estimates.
Communication comes ahead of the 2022-23 Union budget, it is likely to be launched in February 1.
In the office note of the office looking for a proposal for the third and last batch of additional demands for grants, the Department of Economic Affairs under the Ministry of Finance asked the Ministry and Department to submit their proposal on February 10 avoided, “he said.
Proposal for additional demands for grants can be projected after the assessment Comprehensive and objective of additional funding requirements, he said.
“All ministries and departments have been asked to contain expenses in the revised estimation ceiling approved,” he said.
The government estimates the fiscal deficit of 6.8 percent of gross domestic product (GDP) in the current financial year Ended March 31.
The fiscal deficit is an indication of government loans to meet the shortcomings between expenditures and other sources of taxes and other sources.
Further memorandum said the request proposal must be made after a thorough review of savings in the grant.
“In cases where re -apro.
Priice can be done without additional requirements according to the provisions that still exist, no additional proposals, including the number of tokens, must be proposed.
“Such requirements can be fulfilled by approving approval after obtaining competent authority approval,” he said.
Cases that will be eligible to be included in such demands including which the progress of Indian contingency funds has been given.
In addition, payment for court decisions will also be included in cases where the Ministry’s finance specifically suggests the transfer of additional demand in the budget session, he said.
The two phase budget session began on January 31 and continued until April 8.