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
implementation.
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.
Source: Bangladesh Sangbad Sangstha