DHAKA: The Bangladesh government spent Tk42,894 crore from the current national budget in the fiscal year’s first quarter, which is only 12.59% of total allocation. The total budget allocation is Tk3,40,605 crore in the ongoing FY2016-17.
Finance Minister AMA Muhith disclosed the figures in the Parliament. Of the figure spent, the expenditure in non-development sector was Tk35,325 crore and the rest of the money was spent on development sector, according to the quarterly report.
However, finance minister said: “Bangladesh’s macroeconomic situation has been stable since the beginning of the current fiscal year. Political situation has remained stable for last two years.” He hoped for a “prosperous Bangladesh” under the leadership of Prime Minister Sheikh Hasina Wajid.
National Board of Revenue has seen 17.98% in revenue collection during the July-September period while it was 15.49% one year ago.
According to the finance ministry’s report, the planning ministry has spent Tk7,569 crore during the period this fiscal year while the expenditure was Tk7,537 crore in the same period last fiscal year.
