LAHORE, March 10: The Punjab government is learnt to have started releasing in advance funds of the last quarter of the current financial year generating fears that it intends to leave nothing behind after the completion of its term.

Official sources informed Dawn on Sunday that the last quarter of the current fiscal year would begin from April 1. But the provincial government had decided to release its funds in advance to make payments for the ongoing schemes, leaving nothing or little for the remaining fiscal year.

They said the government had also started releasing budget for the operational expenditure of its departments in advance. So far, contingency budget of departments like health and home had been released in advance.

The contingency expenditure includes petrol for official vehicles, stationery and repair of machinery.

Earlier, the departments were given funds for this expenditure in three installments --- first two of 20 per cent and the last of 30 per cent, creating immense problems for them in running their day-to-day affairs.

Sources said as per an election commission direction the province could not launch a new development project. But the government was utilising all its funds for the already initiated schemes.

Sources in the provincial finance department did confirm that funds of the last quarter of the current fiscal year were being released in advance to make payments for the ongoing schemes. But they said this would not exhaust the provincial kitty.

Editorial

Ominous demands
Updated 18 May, 2024

Ominous demands

The federal government needs to boost its revenues to reduce future borrowing and pay back its existing debt.
Property leaks
18 May, 2024

Property leaks

THE leaked Dubai property data reported on by media organisations around the world earlier this week seems to have...
Heat warnings
18 May, 2024

Heat warnings

STARTING next week, the country must brace for brutal heatwaves. The NDMA warns of severe conditions with...
Dangerous law
Updated 17 May, 2024

Dangerous law

It must remember that the same law can be weaponised against it one day, just as Peca was when the PTI took power.
Uncalled for pressure
17 May, 2024

Uncalled for pressure

THE recent press conferences by Senators Faisal Vawda and Talal Chaudhry, where they demanded evidence from judges...
KP tussle
17 May, 2024

KP tussle

THE growing war of words between KP Chief Minister Ali Amin Gandapur and Governor Faisal Karim Kundi is affecting...