BANGLADESH

FY22 budget Tk 6.03 trilion

Finance Minister Mustafa Kamal is schedule to propos mega budget of Tk 6.03 trillion on Thursday focusing on health amid pandemic for fiscal year of 2021-22.

Budget session of the current Parliament will begin on Wednesday afternoon with the presence of a handful of lawmakers in the House as part of precautionary measures to maintain social distancing and thus avoid the risk of coronavirus infections.

Finance Minister AHM Mustafa Kamal will place the proposed Tk 6.03 trillion-budget, which is 17.47 percent of the GDP, in the House on June 3 with more than 6 percent of deficit. It will be placed once it is approved by the special cabinet meeting to be held at the cabinet room of Parliament with Prime Minister Sheikh Hasina in the chair.

According to sources at the Parliament Secretariat, this session will be a brief one, not more than two weeks, unlike other budget sessions held before the Covid-19 pandemic.

Last year, the budget session was prorogued after nine working days due to the pandemic. It was the shortest budget session in Bangladesh’s recent history.

Only budget-related and other important works will be done in this session while the question-answer sessions for the Prime Minister and Ministers will be tabled.

Only MPs, staffers and officials of the parliament secretariat after being tested Covid-19 will be allowed to attend the session. Senior MPs have been advised not to take part in the session.

Parliament will conduct its daily business with less than 100 MPs for maintaining distance in their sitting arrangement. As per the constitution of the country, there is an obligation to pass the budget before June 30 while the rules of procedure also instruct the MPs to take part in budget discussions.

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