Ministry of Finance has decided permission must be sought from the president if expenditure allocated in the state budget for government offices exceed the amount.
Every office must ensure the budget allocated for the respective office do not exceed in expenses, according to the regulation published by finance ministry. However, in the event the allocated amount exceeds, the office can spend five percent more than the amount, with permission from the finance ministry.
Moreover, a new Public Sector Investment Programme (PSIP) project not included in the budget can only be conducted with a written permission from the finance minister and the project cost must not exceed USD 64,946. Further, if the cost of an already budgeted project increases by 30%, it can only be approved by a written permission from the president.
The aim of implementing such a regulation is to encourage completing projects within the allocated budget, spending the allocated budget for the allocated project and implementing the budget as prepared, according to finance ministry.