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Principles of responsible financial management. (Ch.II - PFA 2007) : Efficiency,   Economy,   Effectiveness,   Equity,   Sustainability,    Transparency,    and Accountability    [   2010 Sep 08 Wed   ]

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What are the minimum conditions for Budgetary Fund Release?

For timely releases of funds, following minimum conditions are to be fulfilled by the Agencies:

Sufficient Budget provision: There should be sufficient budget provision against the activity for which fund release is requested.  If the activity is new, budget incorporation process has to be completed before requesting for fund release. 

Monthly Accounts: Monthly Account has to be submitted to the DPA by the Agencies within 15 days after completion of the month.

Donor Fund Balance: If the activity is donor funded, there should be donor fund balance with the RGoB.

Any instances of delays in fund releases after fulfilling the minimum condition may be reported to the Director, DPA for necessary action.

To view the Fund Release Guidelines click here Fund Release Guidelines(Revised)14 July 2009)
To view the Circular click here Fund Release procedure (1st July 2009)

 


Revised DSA Rates For Foreign Travel (27 Sep 2002)


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Institutional Capacity Building Project in Procurement (ICBPP)
Newsletter January 2010
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Report on Use of Country System pilot for Bhutan (UCS) 2010
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