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Last Day for 2025-26 Fiscal Year Budget Bill Submission Tomorrow

The Ministry of Finance has set tomorrow, June 25, as the final day for submitting Management and Development budget bills for the current 2025-26 fiscal year.

By Staff Correspondent
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Current fiscal year's bill submission ends tomorrow | Business
BSS

The Ministry of Finance has determined that tomorrow, June 25, is the last day for submitting Management and Development budget bills for the ongoing 2025-26 fiscal year. Accountants have been instructed to submit all related bills by this deadline, according to a circular from the ministry's Budget-1 branch.

Circular Details and Exclusions

The circular emphasizes that the decision aims to establish a clear timeframe for budget release, bill submission, and processing. It also seeks to enhance the efficiency of cheque or EFT issuance. Notably, bills related to salary and allowance are excluded from this deadline and can be submitted even after June 25.

Objectives of the Deadline

By setting a firm deadline, the Ministry of Finance aims to streamline the budget management process. This move is expected to improve financial planning and execution within the fiscal year. The exclusion of salary and allowance bills ensures that essential payments continue uninterrupted beyond the deadline.

Implications for Accountants

Accountants are urged to ensure timely submission of all relevant Management and Development budget bills to avoid any delays or complications. This deadline is crucial for maintaining the fiscal year's financial integrity and ensuring that all budgetary allocations are properly accounted for.

Source: BSS

FAQ

What is the deadline for submitting Management and Development budget bills?
The deadline for submitting Management and Development budget bills is tomorrow, June 25.
Are there any exclusions to the deadline?
Yes, bills related to salary and allowance are excluded from the deadline and can be submitted even after June 25.

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