Parliament passes supplementary budget for FY18

The parliament has passed the supplementary budget of Tk 153.398 billion for the fiscal 2017-18 to meet the increased expenditures under different ministries and divisions.

Finance Minister AMA Muhith placed the supplementary budget in the House on June 7 along with the national budget.

Different ministries, divisions and institutions sought the additional amount under 22 demands for grant.  

As many as 173 cut-motions were moved by seven members, reports UNB.

Discussions were held on four cut-motions, including Public Administration Ministry, LGRD and Cooperatives Ministry, Power Ministry and Health Ministry.

These cut motions were brought by Jatiya Party MPs Fakhrul Imam (Mymensingh-8), Nurul Islam Omar (Bogra-6), Kazi Firoz Rashid (Dhaka-6), Nurul Islam Milon (Comilla-8), Rowshan Ara Mannan (Women Seat-47), Salim Uddin (Sylhet-5), Mohammad Abdul Munim Chowdhury (Habiganj-1) and Independent MP Rustam Ali Farazi (Pirojpur-3).

However, the cut-motions were rejected by voice vote.

According to the budget document, a sum of Tk 4.002 trillion was allocated in favour of 62 ministries and divisions for the 2017-18 fiscal.

But in the supplementary budget allocation for 24 ministries and divisions have been increased to Tk 153.398 billion while Tk 460.556 billion reduced for 35 ministries and divisions.

As a result, the budget allocation for these ministries and divisions was reduced to Tk 287.71 billion and the total allocation now stands at Tk 3.714 trillion.