27 Sep 2023, 21:44

Ministries, Divisions asked to send budget execution plan by Oct 8

DHAKA, Sept 27, 2023 (BSS) - The Ministry of Finance has asked all ministries 
and divisions to send their budget implementation plan by October 8 this year 
and the budget implementation monitoring report within a month after the end 
of each quarter.

The Finance Ministry made the call through a circular issued yesterday signed 
by additional secretary (budget-1) Shirajun Nur Chowdhury.

It said some activities announced in the last three fiscal years are still 
being implemented and some plans have been announced in the national budget 
for fiscal year 2023-24.

So, it is necessary now to take specific and time-bound plans at the 
beginning of a financial year to ensure their proper and timely 

The finance ministry said Ministries and Divisions adopt a go-slow policy for 
revenue collection at the beginning of a fiscal year, but at the end of a 
year they take different steps for utility bill payment, purchase of 
construction materials and maintenance work.

As a result, the government has to assume some unplanned debts at the end of 
a fiscal year because of the steps taken at the last moment, which hamper 
ensuring fiscal discipline in the economy, the circular added.


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