Treasury directs State sector to rationalise fuel, electricity expenses

Thursday, 23 February 2012 01:01 -     - {{hitsCtrl.values.hits}}

The Finance Ministry has directed that all Government institutions should limit their consumption of fuel and electricity as a priority following the upward revision of prices.

The Ministry has emphasised that this is a national responsibility entrusted on all Government institutions.  The objective of the Government by this measure is to save the valuable foreign exchange spent on importing fuel for transportation and generating electricity.

In addition to this, the Government expects that institutions coming under it should pay more attention on alternative energy sources and improve such facilities while taking suitable steps to introduce efficient technical methods of fuel/electricity consumption.

The Department of National Budget has issued a circular on 16 February 2012 giving instructions to set an example to the country by the public sector. The Budget Circular holds the secretaries to ministries responsible for using fuel/electricity in a more efficient and cost effective manner.