Amidst current economic challenges, the government has instructed all ministries to return any unspent funds by May 15th, as per sources within the Ministry of Finance.
Previously scheduled for May 31, 2024, the Ministry of Finance has issued a directive to all ministries and divisions, emphasizing the importance of returning funds to alleviate economic strains.
Federal Secretaries of various ministries have been informed, with Principal Accounting Officers directed to promptly update the Budget Wing on the status of funds.
The government’s decision to expedite the return of unused funds indicates a critical need to enhance financial management practices.
