Finance Division Instructs PAOs to Surrender Anticipated Savings

The Finance Division has instructed all Principal Accounting Officers (PAOs) to relinquish projected expenditure savings. This action is to finalize the revised budget estimates for 2024-25 and solidify budget projections for the upcoming fiscal year.

According to directives issued by the Finance Division to all ministries and divisions on Wednesday, the Public Accounts Committee (PAC), during a recent session, mandated that the Finance Division ensure the prompt surrender of savings. This will facilitate the allocation of funds where needed.

In accordance with the PAC’s directives and to complete the revised estimates for FY2024-25, along with solidifying budget estimates for the next fiscal year, all PAOs are required to surrender anticipated savings for specific expenditures to the Finance Division by April 30. These expenditures include:

  • Running of Civil Government (both ERE and Non-ERE)
  • Grants and Subsidies
  • Development funds within the revised PSDP of Rs1,100 billion

The Finance Division had previously requested the surrender of funds exceeding the Rs1,100 billion PSDP allocation in a notification dated April 9, 2025.

All PAOs are required to issue surrender orders and forward them to the Director of Budget Computerization at the Finance Division by April 30. This will allow for entry into the SAP system, according to the Finance Division.