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System of Financial Control and Budgeting
QUESTION #5651
Question 1
The last date for submission of Supplementary Grant schedules to the Finance Division (Budget Wing) is 31st May. A Ministry submits its schedule on 1st June citing operational difficulties. Analytically what is the MOST LIKELY consequence?
Correct Answer Explanation
The Finance Division will look with disfavour upon any request for Supplementary Grants except in extraordinary circumstances. The system expects Ministries to anticipate requirements well ahead of the financial year. A submission after the 31st May deadline compounds this problem as the O.M. is explicit about this deadline. Late submissions risk not being entertained.
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