ISLAMABAD: Capital Development Authority (CDA) would execute self-sustainable projects in future and would further cut down its non-development expenditure through well organized financial management system.
CDA Chairman Imtiaz Inayat Elahi addressing to a visiting delegation of probationary officers of District Management Group (DMG) from Civil Services Academy, Lahore on Saturday said that CDA is taking concrete measures to improve financial discipline under the short and long term strategies.
He said that CDA is the first municipality of the country, which is contemplating to launch municipal bonds to finance its development projects. He said that CDA has introduced double entry system for the first time while self-sustainable policy has been adopted to execute projects of different nature so that dependency on government resources could be avoided. He said that CDA has reduced non-development expenditures to great extent, especially, in the head of telephone and POL charges of vehicles.