03 Jul 2022, 18:57

No vehicle purchase for govt institutions

DHAKA, July 3, 2022 (BSS) - The government has decided to stop purchasing 
vehicles, including ships and aircrafts, for all government, semi-government, 
autonomous, statutory, state-owned companies and financial institutions.

A circular of the Finance Division revealed this centering suspension and 
reduction of some expenditure in the operational and development budget for 
the current fiscal year (FY23) as part of austerity measures considering the 
current global economic situation. 

It said the aforesaid government enterprises will be able to spend maximum 50 
percent of their allocations as entertainment expenditure, travel expenditure 
as well as expenditure in other stationary items, computer and miscellaneous, 
electric equipment and furniture.

Besides, all training expenses inside the country will have to be completed 
within 50 percent of the allocation.

The government has recently taken various austerity measures apparently in 
the wake of the global economic situation following the COVID-19 pandemic and 
the ongoing Russia-Ukraine conflict.

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