Govt directs ministries not to seek any block allocation in next budget

The finance ministry has instructed ministries and divisions not to seek any block allocation in the upcoming budget 2024-25.

According to the directions, the allocation has to be made against specific programmes which will be helpful in achieving strategic objectives.

The finance division directed ministries and divisions to send by April 29 their budget proposals for 2024-2025 and their expenditure plans for the following two financial years to help prepare the midterm budgetary framework.

The budget framework prepared by all the Ministries/Departments and other institutions has already been reviewed in the tripartite meeting held between the Finance Department, Planning Commission and the concerned Ministries/Departments and other institutions and in the light of the observations of that meeting, the work of formulating an agreed budget framework is underway.

According to the instructions, the operational and development expenditure estimate for the fiscal year 2024-2025 should be prepared in such a way that it is feasible within the budget approved by the Budget Management Committee of the Ministries/Departments and Institutions.