Daily The Business

FBR officers warned for utilization of total budget in Q1

Our Special Correspondent

LAHORE: The Federal Board of Revenue (FBR) has warned the chief collectors, collector, director general who have spent above 40
percent of the budget during the first quarter of the Current Financial Year 2019-20.

As per details, the competent authorities has taken serious view of the violation of Finance Division’s instruction and directed that all
the field formations must strictly maintain financial discipline in the light of the Budget Operational Guidelines.

The Board in order to maintain the financial discipline on the directions of Finance Division issued Budget Operational Guidelines
that current expenditures in the first half of the financial year shall be restricted upto 40 percent of the 40 budget allocation and
spent in proportionate manners by all the field formations but some officer did not implement the instruction and utilize whole the of the
budget in first quarters of the current financial year 2019-20.

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