Cash Management System in Central Government - Restriction during last quarter
THE Cash Management Cell of the Department of Economic Affairs, Ministry of Finance has informed all the Departments that the expenditure for 2013-14 should be contained within the Revised Estimates level and under no circumstances, the RE ceilings should be breached.
During the last quarter, not more than 33 percent and during March, not more than 15 percent of the Budget Estimates should be spent.
During the last quarter, especially during the month of March, you would see a spending spree in Government offices - they would buy all kinds of useless things, because they were not able to spend money during the rest of the year. Government wants to put a stop to this lavish and useless spending during the year end.