Millennium Post

Funds available, start projects early: Mins told

Funds available, start projects early: Mins told
New Delhi: All the fiscal 2018-19 funds for various projects will be available from the day one and they should be utilised in the early part of the financial year before the onset of monsoon session itself, the government has told all ministries and departments.
In a communication to all the ministries and departments, the Finance Ministry said that one of the major objectives of the advancement of the budget presentation and approval cycle is to make available the full authorisation to all the ministries and departments to incur the expenditures from April 1 itself for expeditious expenditure of funds on various programmes and schemes.
This has led to the desired results as much larger expenditures were incurred on various projects during the first quarter last year, the ministry said.
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