Financial Blunders

Blunders happen. But then, there are blunders only bastards can perform with eloquence.

Fiscal year or financial year budget is of 12 months. “Year.” Our FY starts from 1st of very July and ends on 30th of June. Budget – both development and non-development – is for a complete FY. This also means, that all the un-utilized funds shall lapse on 30th of June. Departments try their best – which is at par with worse – to utilize maximum funds.

And utilization is by far the only KPI that bureaucracy knows. Anyway, we are discussing something else. Not bastards.

Since we had an ugly caretaker-cum-PCB setup in Punjab, the budget presented for FY 2023-24 was for July to October. Funds lapsed on 31st October. Interestingly, no one had idea that funds would lapse. Even Finance Department was clueless. You can’t even believe what kind of comedy that was.

Anyway, new budget was announced for November 2023 to February 2024. That also lapsed in the last week of February 2024.

And now, surprise, surprise! Budget has been announced for one month i.e., March 2024. From 1st March to 31st March. By the time funds will be released – i.e., mid of the month – it will also be the time for closing of the Financial Year. Or financial month.

What next? Budget for a week? It’s so gross.

That’s why I say you cannot sustain with bureaucracy anymore. Even good politicians cannot do anything good. They will innovate such ugly measures that nothing will happen yet the whole secretariat will look like an Emergency Department. Everyone is running. Doing nothing.

Author: SakiNama

His Highness

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