Ahead of drafting the budget for Goa, the state government hasdirected all its departments to rationalise expenditure so as to save funds for developmental activities.
In an office memorandum issued on December 24, state secretary (finance) Daulat Hawaldar asked all the departments not to spend more than 20 per cent of their budgetary estimates between January and March 2020.
"Not more than 20 per cent of the budgetary estimates shall be spent in the remaining quarters of this financial year, except under flagship schemes of the government and wherever possible, may be reduced by 40 per cent till the financial year end," the memorandum stated.
The finance department has also imposed a ban on purchase of items like furniture, electrical appliances, telephone instruments and office vehicles to cut down on the expenditure.
The accounts department has been directed not to clear any bills for purchase of such items.
"These measures for rationalisation of expenditure are intended to curb unnecessary revenue expenditure and provide funds for development activities," the memorandum said.
The departments are directed to submit their monthly expenditure plan and monthly revenue plan to the finance department by January 15, 2020.
Chief Minister Pramod Sawant is likely to present the state budget in the first week of February.
The budget session of the state Assembly will be held from February 3 to 7.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
