The government has introduced a set of austerity measures aimed at reducing costs and addressing budgetary pressures.
In a circular issued by the Ministry of Finance on Sunday, it was announced that the purchase of new vehicles for government offices has been halted, and restrictions on foreign travel for government officials have been imposed.
The measures, implemented at the start of the new fiscal year, are part of the government's efforts to streamline expenses and promote financial discipline.
While foreign-sponsored travels may still be permitted, stricter controls have been put in place to manage expenditures related to land acquisition.
These latest actions follow the government's previous initiatives in the last fiscal year, which also included restrictions on foreign travel to optimize spending.
The Ministry of Finance emphasized the importance of saving money in the electricity and fuel sectors, directing ministries, departments, autonomous bodies, and state-owned companies to aim for a 20-25% reduction in these expenses.
The government cited the global economic situation as a factor in making these decisions and highlighted their commitment to prudent financial management.
The austerity measures are expected to contribute to cost reduction and help alleviate budgetary pressures across various government entities in the fiscal year 2023-24.