The institution of Financial Advisor in any organization is a salient pillar of good governance and accountability. In a government organization, Integrated Finance serves as the sine qua non for most efficacious utilization of available funds. The Ministry of Defence in particular, with its prodigious and multifarious expenditure, stands to gain enormously if its resources are harnessed in the most productive manner possible.
Additional Allocation for Defence – A Challenging Task for MoF
The government seems to have little fiscal space for accommodating the demand of the armed forces for additional funds, given its quantum on the one hand and the state of its revenues on the other which are already quite stressed.