FinMin asks depts to cap Q4 spend at 33% of total

Tags: News
Trying to promote fiscal prudence, the finance ministry has asked all government departments to cap spending in January-March quarter at 33 per cent of the total funds allocated for the full financial year.

“It is requested that the 33 per cent and 15 per cent expenditure ceilings in respect of each scheme, in the last quarter of the current financial year and during the month of March, 2013 respectively, should be strictly adhered to,” the ministry said in an office memorandum.

The finance ministry has indicated this to central ministries while working out revised estimates for the 2012-13 fiscal. The revised estimates would be presented before Parliament during the budget for 2013-14.

There is a “necessity to curb rush of expenditure in the last quarter of the year particularly in the month of March and restricting the expenditure in the last quarter” of the current financial year, it added.

During the meeting of the revised estimates, finance secretary RS Gujral has emphasised on the need for “prudent financial management expenditure rationalisation due to tight resource position in the current financial year”.


  • Modi must clearly say that preservation of cows is not about manslaughter

    Instead of in-fighting between hindus and muslims, India should fight poverty and maintain its values of diversity and tolerance, as advised by Presid


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Urs Schoettli

America lacks will to contain China

Recently both the Chinese leader Xi Jinping and Indian prime ...

Zehra Naqvi

Exercise gets creative juices flowing

Ever known that feeling of being sluggish and drowsy, of ...

Bubbles Sabharwal

You are what you believe yourself to be

The Gita says a man is what his shraddha is. ...


William D. Green

Chairman & CEO, Accenture