To cut costs, government halts spending on development
The finance ministry has put a halt to spending on development projects in a bid to reign in a ballooning budget deficit. The ministry has also imposed a hiring freeze, restricted overtime pay, and ordered offices to stop domestic and international travel. Offices are to be closed by 2:30pm at the latest.
13 Oct 2015, 9:00 AM
The finance ministry has put a halt to spending on development projects in a bid to reign in a ballooning budget deficit.
On Sunday, the finance ministry suspended spending on development projects that have not yet been signed and contracted. The measure is one among many in a host of cost-cutting steps.
The ministry has also imposed a hiring freeze, restricted overtime pay, and ordered offices to stop domestic and international travel. Offices are to be closed by 2:30pm at the latest.
Drastic cost-cutting measures are usual at this time of the year with government expenditure persistently outstripping income in recent years.
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