New austerity measures: Purchase of new vehicles halted, travel restrictions for govt officials
In a slew of austerity measures, the government on Sunday halted the purchase of new vehicles and placed restrictions on foreign travel for government officials.
The government has introduced a series of outlines at the start of the new fiscal year, FY24, with the aim of cutting costs and alleviating budgetary pressures, according to a circular issued by the Ministry of Finance.
However, the finance ministry noted that foreign-sponsored travels may be permitted.
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Additionally, stricter controls have been implemented on expenditures related to land acquisition.
These measures follow the government's previous actions in FY2022-23, where restrictions on foreign travel were imposed to streamline expenses.
