Department of Expenditure OM No.1 1 2008-IC: A Detailed Overview
The Department of Expenditure, under the Ministry of Finance, plays a crucial role in managing the financial resources of the government. One of its significant documents is the OM No.1 1 2008-IC, which outlines the guidelines and procedures for the release of funds. In this article, we will delve into the various aspects of this document, providing you with a comprehensive understanding of its contents and implications.
Background and Purpose
The Department of Expenditure is responsible for overseeing the allocation and utilization of government funds. The OM No.1 1 2008-IC was issued to ensure transparency and accountability in the release of funds. It provides a framework for the release of funds to various departments and agencies, ensuring that the funds are used for their intended purposes.
Structure of the Document
The document is structured into several sections, each addressing different aspects of the fund release process. The following table provides an overview of the sections and their respective contents:
| Section | Content |
|---|---|
| 1. Introduction | Explanation of the purpose and scope of the document. |
| 2. General Provisions | Guidelines for the release of funds, including eligibility criteria and procedures. |
| 3. Special Provisions | Provisions for specific categories of funds, such as emergency funds and special grants. |
| 4. Monitoring and Evaluation | Procedures for monitoring the utilization of funds and evaluating the outcomes. |
| 5. Appendices | Additional information and forms required for fund release. |
Key Guidelines and Procedures
Here are some of the key guidelines and procedures outlined in the document:
- Eligibility Criteria: The document specifies the criteria for eligibility, ensuring that only deserving departments and agencies receive the funds.
- Application Process: It outlines the steps involved in applying for funds, including the submission of required documents and forms.
- Release of Funds: The document provides guidelines for the release of funds, including the approval process and timelines.
- Monitoring and Evaluation: It emphasizes the importance of monitoring the utilization of funds and evaluating the outcomes to ensure accountability.
Impact and Benefits
The implementation of the guidelines and procedures outlined in the OM No.1 1 2008-IC has several positive impacts and benefits:
- Transparency: The document ensures transparency in the release of funds, as all procedures and guidelines are clearly outlined.
- Accountability: It promotes accountability by requiring departments and agencies to monitor and evaluate the utilization of funds.
- Efficiency: The streamlined process for fund release helps in ensuring efficient utilization of government resources.
- Impact: The funds are directed towards projects and programs that have a positive impact on society.
Conclusion
The Department of Expenditure OM No.1 1 2008-IC is a crucial document that outlines the guidelines and procedures for the release of government funds. By ensuring transparency, accountability, and efficiency, it plays a vital role in the effective utilization of government resources. Understanding the contents and implications of this document is essential for anyone involved in the management and allocation of government funds.
