The Financial Express

Bangladesh plans to stop vehicle purchase for govt institutions 

| Updated: July 03, 2022 20:03:36

Bangladesh plans to stop vehicle purchase for govt institutions 

The government has decided to stop purchasing vehicles, including ships and aircrafts, for all government, semi-government, autonomous, statutory, state-owned companies and financial institutions. 

A circular of the Finance Division revealed this centering suspension and reduction of some expenditure in the operational and development budget for the current fiscal year (FY23) as part of austerity measures considering the current global economic situation.  

It said the aforesaid government enterprises will be able to spend maximum 50 per cent of their allocations as entertainment expenditure, travel expenditure as well as expenditure in other stationary items, computer and miscellaneous, electric equipment and furniture, reports BSS. 

Besides, all training expenses inside the country will have to be completed within 50 per cent of the allocation. 

The government has recently taken various austerity measures apparently in the wake of the global economic situation following the Covid-19 pandemic and the ongoing Russia-Ukraine conflict. 

Share if you like