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Government caps spending due to cash crunch

Date: 10 April 2020 Tags: Miscellaneous
  • With the Centre expecting an extreme cash crunch due to the COVID-19 crisis, most Central government departments have been asked to cut their first quarter expenditure to 15-20% of the year’s budget estimates (BE).
  • Departments considered crucial to dealing with the pandemic and the resultant lockdown will not be affected by these restrictions, including Health, Pharma and Ayush, Agriculture, Rural Development and Textiles, Food and Consumer Affairs, as well as Civil Aviation and Railways.
  • The economic slowdown had already spurred the Finance Ministry to cap spending in the last quarter of 2019-20 (January-March 2020) to 25% of BE, from the earlier 33%.