Home / Front Page/ Rs. 10 b released to settle bills on work done: Finance Ministry

Rs. 10 b released to settle bills on work done: Finance Ministry


Comments / {{hitsCtrl.values.hits}} Views / Thursday, 26 January 2017 00:14

Facebook

Refuting allegations that money has not been released for development activities undertaken in 2016, the Finance Ministry yesterday said that Rs. 10 billion has been released to line ministries for work done in the last quarter.

Issuing a statement, the Finance Ministry said that a large portion of the money for the bills submitted has been released during the year itself. 

“It is the normal accounting practice to make payments for bills sent in late in the first quarter of the following year.”

Accordingly for bills received late for work done in 2016, a total of Rs. 10 billion has been released to line ministries, the statement said. It also highlighted that reports of delays in releasing the money by the Treasury Department is false. 

Further, to ensure transparency on payments made for bills received late, the Finance Ministry has presented a schedule of all outstanding payments to the Cabinet of ministers earlier this month. The Cabinet was also informed that apart from the Rs. 10 billion released, steps are being taken to release money to pay the remaining outstanding bills. 

Further, the Finance Ministry has released a total of Rs. 5933 million to Provincial Councils, under the ‘Lagama Pasala Hodama Pasala’ project, and another Rs. 2600 million has been released to the Education ministry to settle all other outstanding bills, the statement said.  


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Will power cuts solve electricity crisis?

Tuesday, 23 April 2019

The country faced electricity power cuts, reminding citizens of early 1990s, which resulted in private power producers supplying electrical power with long-term power supply agreements. Today, most have completed their agreement period, but some were


Easter attack: Going beyond condemnation

Tuesday, 23 April 2019

Yesterday was Easter Sunday; 227 persons [at the time of writing] have been killed, and many times more injured. The primary targets were churches and international hotels. It seems clear that the extremist group ISIS (Islamic State of Iraq and Syria


Easter Sunday nightmare

Tuesday, 23 April 2019

This is the most important day of the year for Christians – the Peaceful Easter Sunday or Easter Day was shattered by deadly explosions in several Christian churches throughout the country; and we excoriate such hatred in our beloved country. We th


Poignant pondering on a patriarch

Monday, 22 April 2019

Almost five months have gone. It is with a profound sense of sadness that we experienced the demise of our veteran teacher, respected author, legal luminary, an accomplished ambassador, an eminent public servant and an amazing human being, Dr. Wickre


Columnists More