thiruvananthapuram signalling a financial crunch in the state the finance department has asked the treasuries department not to clear bills above rs 25 lakh this is the first time that the finance department has brought in treasury regulations at the beginning of a financial yearthe government has decided to reduce the ways and means limit which is currently rs 1 crore to rs 25 lakh with immediate effect the additional chief secretary finance has said in a letter to the director of treasuries the directive has been emailed to all treasury officers so as to ensure its implementation without delayit is learnt that the finance department has taken the decision since the government had to source funds towards the repayment of loans and other settlements during the first month of the financial year the treasuries were allowed to clear bills up to rs 1 crore only till april 25the state will need another rs 4000 crore during the first week of may towards the payment of the salaries and pensions of government employeesand will be forced to take loan for it the state is expecting the gst compensation from the centre in may so as to tide over the present financial crisis