Bill on deposition of surplus money to public exchequer placed in JS

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SANGSAD BHABAN, Jan 14, 2020 (BSS) – The ‘Disposition of Surplus Money of Self-Governed Agencies including Autonomous, Semi-Autonomous and Statutory Government Authorities and Public Non-Financial Corporations to the National Exchequer Bill 2020’ was placed in the Jatiya Sangsad (JS) today to ensure the better use of the surplus money.

Finance Minister AHM Mustafa Kamal placed the bill in the parliament with Speaker Dr Shirin Sharmin Chaudhury in the chair.

“It is necessary to enact the law to ensure the proper use of the surplus money in the funds of self-governed agencies including autonomous, semi-autonomous and statutory government authorities and public non-financial corporations aiming at implementing the plan of building a developed country by meeting the basic needs of the people and improving their socio-economic conditions through taking and implementing a time befitting plan,” according to the proposed bill.

Different self-governed agencies including autonomous, semi-autonomous and statutory
government authorities and public non-financial corporations operate their financial activities asper their own laws and rules, the bill said, adding according to the accounts statements of the organizations a huge amount of money remains static in different banks.

It is necessary to use the money for the public welfare as the country’s people are the actual owner of the money remains static in the funds of those organizations, it added.

Later, the bill was sent to the Parliamentary Standing Committee on the Ministry of Finance for further scrutiny within 7 working days.

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