Search
Thursday 18 July 2019
  • :
  • :

Funds allocated to North to return to the Centre, Only 38% expended

Funds allocated to North to return to the Centre, Only 38% expended

The Financial statements for the development projects undertaken in the North had not been published after October in the website of the NPC. As per the financial statement of the month only 38% of the funds allocated to NPC had been spent.

2,758 million rupees were allocated for the development projects of NPC. Although it had been stipulated that the total fund should be spent before tomorrow, the deadline had been extended till 4th of next month. The unspent balance on that date will have to be returned back to the Central Government.

Until the month of October, only 1,045 million had been spent. This is only 38% of the Total.Although the month of December is nearing it end the financial statement for November had not been published yet.

Although the details of expended amount and the amount to be returned are not published yet the Chief Secretary’s Office circles said that only 58% could be spent before the 4th.

It is notable that there is a likelihood of  around 42% funds returned to the centre.


Leave a Reply

Your email address will not be published. Required fields are marked *