S.R.O. 425(I)/2022, Islamabad, the 14th March, 2022

SROS: S.R.O. 425(I)/2022, Islamabad, the 14th March, 2022 GUIDELINES FOR COMMITMENT CONTROL (2022) No. F.1(6)Budget-ll/2021-22/416 Government of Pakistan Finance Division (Budget Wing) **** Islamabad, the 14th March, 2022 NOTIFICATION Subject: GUIDELINES FOR COMMITMENT CONTROL (2022). S.R.O. No.425(I)/2022.- In line with the powers conferred by Section 26 of PFM Act, 2019, Finance Division has approved the Guidelines on Commitment Control in consultation with Auditor General of Pakistan, which are placed below for information and compliance. 2. This issues with the approval of competent authority. (Ayesha Javed) Section Officer (Budget-II) 1. All Principal Accounting Officer (PAOs) 2. Auditor General of Pakistan 3. Controller General of Pakistan 4. Web Master, Finance Division with the request to upload the same on Finance Division’s Web-site. TO BE PUBLISHED IN THE GAZETTE OF PAKISTAN Government of Pakistan Finance Division (Budget Wing) Islamabad, the 4th March, 2022 NOTIFICATION S.R.O. In exercise of the powers conferred by Section 26 of the Public Financial Management Act, 2019 requires that the Finance Division, in consultation with Auditor General, shall approve and issue guidelines related to annual and multi-annual commitment control systems. Whereas, expenditure arrears from the previous financial years are p major source of fiscal indiscipline and poor budget credibility in the Government. These arrears build up because of absence of an effective system of commitment control due to which government offices incur expenditure without matching allocations to discharge their liabilities. Therefore, the guidelines are, therefore, being issued to minimize the buildup of expenditure arrears in the Government. The guidelines will help improve fiscal discipline and budget credibility in the Government. In exercise of the powers conferred by Section 26 of the Public Financial Management Act, 2019, the Finance Division is pleased to approve the following guidelines; - 1) Short title, extent, application and commencement a) These guidelines shall be called Commitment Control Guidelines, 2022. b) These guidelines shall apply to all Federal Government’s Divisions,…