DHAKA, June 1, 2017 (BSS) - The government has allocated Taka 687.59 crore for the Ministry of Manpower Export and Expatriates' Welfare in the proposed budget for the fiscal (FY) 2017-2018.
The proposed budgetary allocation is Taka 206.25 crore higher than the revised budget of the outgoing FY 2016-17, which was Taka 481.34 crore.
Placing the budget proposals at the Jatiya Sangsad here today, Finance Minister Abul Maal Abdul Muhith said, "I propose to allocate Taka 275.16 crore in non-development and Taka 412.43 crore in development budgets for the ministry of manpower export and expatriates' welfare for FY 2017-2018."
He said the remittance income is one of our main sources of earning foreign exchange as it plays an important role in our economic development in various ways including contributing to increase of income and reduction of poverty, stimulating savings, increase of investment and consumption expenditure and accumulating capital at individual level.
Muhith said "we will continue our ongoing activities for increasing remittance income and ensuring welfare of the expatriates."
In this regard, he said, we have a plan to undertake a number of measures that include setting up an online communication system to help expatriates access work permit and visa related information automatically, promoting private sector to explore new labour markets, sending workers abroad at low cost under government initiative, expanding online services, developing training infrastructure and providing training meet the demand of international market.
In order to accelerate delivery of services to the expatriates, the finance minister said, we have already taken a plan to introduce MRP issuance service in all foreign missions and MRV service in 47 foreign missions of Bangladesh in FY 2017-2018.
Source: Bangladesh Sangbad Sangstha (BSS)