Govt to categorise development projects to reduce expenses
Photo: TBS/Abu Azad
The government has decided to designate development projects under the Annual Development Programme of FY 2022-23 in A, B and C categories to reduce expenditures and conserve resources.
According to a circular issued by Budget-11 branch under finance ministry Sunday (3 July), category A projects will get higher priority and continue as before.
Category B projects must conserve 25% of the government expense and spend no more than 75%.
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Fund release for category C projects, for the time being, will be suspended. However, concerned ministries, departments and other government agencies may redirect the fund to category A projects as per the approval from the planning commission and finance department.
