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FinMin asks ministries, depts to restrict expenditure as per revised targets

Ministries and departments are requested to strictly adhere to the expenditure ceiling decided in the meeting, the Finance Ministry said in an office memorandum

twitter-logoPTI | November 26, 2020 | Updated 07:51 IST
FinMin asks ministries, depts to restrict expenditure as per revised targets
Union Finance Minister Nirmala Sitharaman

The Finance Ministry on Wednesday asked ministries and departments to restrict their expenditure for the remaining months of the current fiscal as per the Revised Estimates (RE) target amid moderating revenues due to the COVID-19 crisis.

The Budget meetings for fixing Revised Estimates for 2020-21 and Budget Estimates (BE) for 2021-22 were held between October 16 and November 12.

Ministries and departments are requested to strictly adhere to the expenditure ceiling decided in the meeting, the Finance Ministry said in an office memorandum.

"Financial Advisers may ensure that the expenditure is maintained within the ceiling decided during the meetings for RE 2020-21," it said.

Also read: Cabinet nod to Rs 2,480 crore FDI in ATC Telecom

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