2023-24 fiscal year supplementary budget passed

Supplementary budget of Tk 37 thousand 817 crore 40 lakh 57 thousand for the current (2023-24) financial year has been passed by the National Parliament.

On Monday (June 10), Finance Minister Abul Hasan Mahmud Ali introduced the ‘Specification (Supplementary) Bill-2024’ in Parliament. The bill was later passed by voice vote.

This supplemental bill is introduced to provide authority for appropriate appropriations and appropriations in excess of appropriations from associated funds to carry out operations for the fiscal year ending June 30.

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In the main budget of the current financial year, 7 lakh 61 thousand 785 crores were allocated in favor of 62 ministries and departments. In the revised budget, the allocation of 22 ministries and departments has increased by Tk 37 thousand 817 crore. 40 have budgets unchanged or reduced. The revised budget has been reduced by Tk 47 thousand 367 crore to Tk 7 lakh 14 thousand 418 crore.

The planning department has received maximum Tk 12 thousand 649 crore 33 lakh 68 thousand in the supplementary budget. And minimum 14 crore 26 lakh 60 thousand rupees received by Information and Communication Technology Department. Four MPs proposed 66 cuts against 20 demands in the supplementary budget. Among them, the proposal to cut two concessions was discussed, namely the Department of Economic Relations and the Department of Information and Communication Technology.

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Earlier, the government and opposition MPs discussed the supplementary budget.