Notification of Revised Financial Powers and Responsibilities in Balochistan

Introduction

The Government of Balochistan, through its Finance Department, issued a notification on May 31, 2024, outlining significant updates to the delegation of financial powers under the Federal Treasury Rules and the Re-Appropriation Rules, 2019.

Main Content

The notification, identified as No. FD.SOR(Reg-II)4-2/2014/2024, delineates the following critical clarifications:

Authority of Heads of Offices:

Under the Federal Treasury Rules (FTR-142), heads of offices are now explicitly authorized to sign bills or other forms concerning financial disbursements. This is aimed at streamlining procedures and ensuring swift processing of financial documents.

Responsibilities and Accountability:

While the heads of offices hold the authority to sign financial documents, they are not absolved from responsibilities regarding the accuracy of the bills or the proper disposal of funds. This clarification emphasizes the need for due diligence and accountability in financial matters.

Implications for Governance:

This updated framework is intended to provide clearer guidelines on financial governance, enabling more effective management of state resources and reducing bureaucratic delays. It reaffirms the importance of accountability and proper financial handling at all levels of government operations.

Conclusion

The notification from the Balochistan Finance Department is a step towards enhancing transparency and efficiency in financial administration. It is crucial for all involved departments and personnel to understand and implement these changes faithfully to improve governance and financial integrity.