Government of the Punjab, Finance Department has issued the official notification letter on 27th August, 2020 in connection with austerity measures 2020-21.
Provincial Government has decided to observe utmost austerity in usage of public money through prudent financial management, observance of financial discipline, judicious reduction of the expenditures without compromising the essential and core organizational unctions/activities. Expenditures shall be required to be realigned with the organizational goals to make them target-based, cost effective and efficient.
Read More: Austerity Measures for Financial Year 2019-20
In pursuance of approval of Standing Committee of the Cabinet on Finance & Development in its 38th meeting held on 05-8-2020, the Provincial Government has decided to introduce the following economy measures during the financial year 2020-21, which shall be applicable on all Government Departments, Lahore High Court, Local Government, Public Sector Companies & Authorities, Autonomous Bodies, Attached Departments and Special Institutions with immediate effect.
- Placement of Funds in Bank Accounts of Entities
- Air Travel
- Treatment Abroad
- Ban on Purchase of New Vehicles
- Ban on Purchase of Air Conditioners
- Ban on Furnishing of Houses and Discretionary Grants to the Provincial Ministers
- Contingent Paid Staff
- Ban on Upgradation of Posts
- Workshops / Seminars
- Advertisement Charges
