Back to Questions
System of Financial Control and Budgeting QUESTION #5640
Question 1
During the first quarter of the financial year a PAO wishes to release funds for a PSDP scheme that has already been formally approved by ECNEC. Under the cash management rules which approval is NOT required for this first-quarter release?
  • Prior approval of the Financial Adviser's Organization
  • Secretary of the Ministry/Division's approval of the Cash Plan
  • Planning and Development Division's concurrence with the Cash Plan
  • AFS(E) approval for each individual release✔️
Correct Answer Explanation
During the first quarter of the financial year releases for PSDP schemes already formally approved or given anticipatory approval by Chairman ECNEC shall be made by the Secretary/PAO without approval of FA's Organization in accordance with the Cash Plan duly approved by the Secretary and Planning and Development Division.