Sindh government in its "Sindh Delegation of Financial Powers and Financial Control Rules 2019" has made it clear that no sector-wise lump sum allocation shall be made in Public Sector Development Programme (PSDP) as a general policy, except in exceptional circumstances, which should be invariably recorded.
According to these rules, in respect of lump sum provisions, the sponsoring departments concerned shall invariably furnish a list of approved schemes indicating bifurcation of the lump sum allocations against each scheme to Finance Department and Planning & Development Department.
These rules also suggest that allocation in PSDP for new unapproved development schemes or projects shall be made in exceptional circumstances only after anticipatory approval of such new schemes of projects by the competent authority.
These rules indicate that releases of allocations provided in PSDP for individuals schemes as have already been approved formally by the competent authority or have been given anticipatory approval by the competent authority shall be made by Finance Department in accordance with the cash plan of projects in consultation with planning and development department.
In Development expenditure, while sanctioning the technical supplementary grants, the prescribed procedure for surrender of savings shall have to be completed.
Likewise, for re-allocations of funds from one development project to another as a result of review of PSDP, the prescribed procedure for surrender of savings shall have to be completed.
The foreign exchange budget shall be prepared in accordance with the instructions by the Finance Division (External Finance Wing) from time to time.
Copyright Business Recorder, 2019
Comments
Comments are closed.