Starting from midnight tonight, all government accounts will be frozen for one week in accordance with the Financial Procedures and Fiscal Responsibility Regulations, 2077. This move comes as today marks the final day for budget release for fiscal year 2081/82.
From 12 AM tonight, all government accounts will be frozen for a period of one week. This suspension will be enforced by the Office of the Auditor General (Malenika), Provincial Accounts Controller Office (Pralenika), and the Treasury and Accounts Controller Office (Kolenika) in line with Rule 30 of the Financial Procedures and Fiscal Responsibility Regulations, 2077.
Today is the last day to release budget for obligations of the current fiscal year 2081/82. Following this, the ‘Sutra’, ‘TSA’, and ‘SIGAS’ systems will be closed for one week. Although no circular has been issued this year as in previous years, the regulations mandate halting all budget releases one week before the fiscal year ends.
Any essential expenditures during this freeze require prior approval from Malenika. As of now, approximately 79 percent of the total budget has already been spent.
This article was originally published on https://bajarkochirfar.com
Translated with the help of AI and reviewed by our editorial team.
