COVID-19 pandemic and the ensuing restrictions in mobility may result in a 75 per cent reduction in the budgetary allocation for foreign travel in FY22, a senior finance ministry official said.The government will cut "frivolous expenditure" when all the activities are going on in the virtual mode, joint secretary in the Ministry of Finance, Madnesh Kumar Mishra, said in an event organised by XLRI.It can be noted that the budget for the next fiscal is under preparations right now and officials are also having discussions internally and also with external stakeholders for suggestions."Two days before, I was attending a budget proposal, of course the budget is now under preparation, on how much money you require for foreign travel?