Parliament passes budget for FY20

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Bangla Tribune Report
Published : 14:21, Jun 30, 2019 | Updated : 17:20, Jun 30, 2019

Finance Minister AHM Mustafa Kamal presents the budget for 2019-20 fiscal in parliament on Jun 13. PID/File PhotoEarlier on Jun 13, Finance Minister AHM Mustafa Kamal placed a Tk 5.23 trillion largest-ever budget for 2019-20 fiscal with 8.2% GDP growth.

Parliament has passed the national budget for the fiscal year 2019-20, themed as 'Bangladesh on a Pathway to Prosperity: Time is Ours, Time for Bangladesh'.

Finance Minister ANM Mustafa Kamal piloted the Appropriations Bill, 2019 seeking a budgetary allocation of Taka 6.42478272 trillion which was passed by voice vote, reports BSS.

Following the proposal mooted in the House, by the Finance Minister, for parliamentary approval to appropriate funds to meet necessary development and non-development expenditures of the government, the ministers concerned placed justifications for the expenditures by their respective ministries, through 59 demands for grants.

Earlier, Parliament, by voice vote, rejected a total of only 483 cut motions that stood in the name of opposition and independent members, on 59 demands for grants for different ministries.

Opposition lawmakers submitted their budget cut-motions.

They were allowed to participate in the discussion on the: Higher Secondary and Higher Education Division, Health Ministry, Local Government Division, Disaster Management Ministry and Railways Ministry.

Later, Speaker Dr Shirin Sharmin Chaudhury applied a guillotine to hasten the process of passing the demands for grants for different ministries—without breaking for lunch.

Opposition and independent MPs were present in the House when the Appropriation Bill was passed in Parliament and they did not raise a voice against passing the bill.

Finance Minister ANM Mustafa Kamal on June 13 unveiled a Taka 5.23 trillion ambitious budget for the next fiscal 2019-20.

Earlier on Saturday, the House passed the Finance Bill, 2019, without any significant changes as the government justified that the proposed budget did not impose additional tax, but budget did not has suggested how to increase new tax net.

After coming to power on Dec 30 in 2018, Finance Minister ANM Mustafa Kamal, who placed his first and 11th consecutive budget for the AL-led government, it has projected the economic developments achieved over the past decade with the present AL-led alliance in power.

/srj/
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