<div><span style="font-size: 1rem;">The government has directed all government, semi-government and autonomous institutions to hold purchasing vehicles, including ships and aircraft.</span><br></div><div><br></div><div>The government has taken several austerity measures in the wake of the global economic situation following Covid-19 pandemic and Russia-Ukraine war.</div><div><br></div><div>Three separate circulars of the Ministry of Finance have been issued in this regard today, July 3, 2022.</div><div><br></div><div>In accordance with the circulars, no more than 50 percent of the allocation for government, semi-government and autonomous institutions can be spent on entertainment, computers and related expenses.</div><div><br></div><div>Further, all training expenses have to be completed within 50 percent of the allocation and all honorarium allowances will be discontinued.</div><div><br></div><div>Also, the government will stop spending on low-priority projects for the time being.</div><div><br></div><div>bnbd24/TR</div><div><br></div>