Treasury to regulate state institutions’ funds | Daily News


Treasury to regulate state institutions’ funds

The Government has decided to introduce a new mechanism to enable the Treasury to regulate all statutory and non-statutory funds operated by public institutions.

A senior official of the Finance Ministry said the decision will make the transactions in the funds operated by public institutions transparent. He said that all the funds would operate under the National Budget as per the new proposal. Already 12 funds operate under the National Budget, following a recommendation by a special committee appointed in 2016.

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