Finance Ministry eases expenditure norms to spur spending in last quarter

In a bid to spur capital expenditure, the Finance Ministry has relaxed spending norms for the fourth quarter with a view to boost economic activities slowed down due to the impact of COVID-19.
As per the existing guidelines, more than 33 per cent and 15 per cent of the budget estimates (BE) shall be permissible to be spent by ministries and departments in the last quarter and last month of the financial year, respectively.It has now been decided to relax the upper limit of 33 per cent of the BE