Budget for FY17-18 Passed in Parliament

:: People’s Time Online ::

The 16th session of the 10th Parliament was adjourned on Thursday after passing the proposed budget for fiscal 2017-18.

Speaker Dr Shirin Sharmin Chaudhury adjourned the session till 5pm on July 9.

The Tk.4,00,226 crore national budget for FY 2017-18 with a growth target of 7.4 percent, aims to open up a new horizon for Bangladesh through some initiatives ahead of the next general election.

Finance Minister AMA Muhith moved the Appropriations Bill, 2017 seeking a budgetary allocation of Tk.5,35,214 crore which was passed by voice vote.

Following the proposal mooted in the House by the Finance Ministry for parliamentary approval of appropriation of fund for meeting necessary development and non-development expenditures of the government, the ministers concerned placed justifications for the expenditures by their respective ministries, through 56 demands for grant.

Earlier, Parliament rejected by voice vote a total of only 352 cut-motions that stood in the name of opposition and independent members on 59 demands for grants for different ministries.

A total of seven MPs submitted their cut-motions on the budget.

The MPs were allowed to participate in the discussion on Finance Division, Health Ministry, Local Government Division, Food Ministry, Roads and Highways Division and Power division.

People’s Time/AJ

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