2 years ago

Bangladesh starts collecting extra $1.5b as budgetary support, says PM

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The government has started a process to collect an additional $1.5 billion as budgetary support to tackle future emergencies and economic crises due to the Russia-Ukraine war and the Covid-19 pandemic.

Prime Minister Sheikh Hasina gave the information in a written answer to a question from a lawmaker during PM’s question-answer session in the parliament on Wednesday, report UNB and BSS.

Out of the targeted $1.5 billion budgetary support, the prime minister said, $1.0 billion will be collected to tackle future emergencies due to the Russia-Ukraine war.

This budget support will be spent on the stimulus package for industries, factories, trading organisations, and small and medium entrepreneurs as well as a social safety net, she said.

Besides, the rest $500 million will be arranged to tackle the economic crisis due to the Covid-19 pandemic, she added.

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