Advisers approve budget
Thursday, 28 June 2007
The Council of Advisers at its special meeting Wednesday approved the national budget for fiscal 2007-08 with amendments to the duty and tax measures proposed earlier, reports UNB.
Chaired by Chief Adviser Dr Fakhruddin Ahmed and attended by all the Advisers and secretaries concerned, the meeting thoroughly discussed the budgetary measures, according to CA's Press Secretary Syed Fahim Munaim.
"It's a good budget. But its success depends on proper and timely implementation," the Chief Adviser was quoted to have told the meeting.
He thanked all concerned for their relentless efforts and sincerity in preparing the budget.
The budget is scheduled to be approved today (Thursday) by the President through an ordinance under section 93 (1) of the Constitution.
Finance Adviser Dr Mirza Azizul Islam apprised President Prof Iajuddin Ahmed of the budgetary measures for the new fiscal on Sunday ahead of its approval on June 28.
The national budget was proposed over radio/TV network on June 7 in the absence of parliament.
After proposing the budget, the government invited recommendations from different sections of the society and bagged some 1,808 suggestions through emails, postal-mails and website.
The Ministry of Finance had extended the deadline for submission of proposals until June 17 amid demand from the business community. The ministry compiled with the proposals and made necessary recommendations for the Council of Advisers.
Withdrawal of proposed import duty on computer and computer accessories, textile machinery and increased duties on industrial raw materials and intermediate goods were at the forefront of the public opinion, the Finance Ministry officials said.
Meanwhile, the Council of Advisers also approved the Consolidated Fund (supplementary, grants and appropriation) Ordinance 2007 and Consolidated Fund (appropriation) Ordinance 2007.
Chaired by Chief Adviser Dr Fakhruddin Ahmed and attended by all the Advisers and secretaries concerned, the meeting thoroughly discussed the budgetary measures, according to CA's Press Secretary Syed Fahim Munaim.
"It's a good budget. But its success depends on proper and timely implementation," the Chief Adviser was quoted to have told the meeting.
He thanked all concerned for their relentless efforts and sincerity in preparing the budget.
The budget is scheduled to be approved today (Thursday) by the President through an ordinance under section 93 (1) of the Constitution.
Finance Adviser Dr Mirza Azizul Islam apprised President Prof Iajuddin Ahmed of the budgetary measures for the new fiscal on Sunday ahead of its approval on June 28.
The national budget was proposed over radio/TV network on June 7 in the absence of parliament.
After proposing the budget, the government invited recommendations from different sections of the society and bagged some 1,808 suggestions through emails, postal-mails and website.
The Ministry of Finance had extended the deadline for submission of proposals until June 17 amid demand from the business community. The ministry compiled with the proposals and made necessary recommendations for the Council of Advisers.
Withdrawal of proposed import duty on computer and computer accessories, textile machinery and increased duties on industrial raw materials and intermediate goods were at the forefront of the public opinion, the Finance Ministry officials said.
Meanwhile, the Council of Advisers also approved the Consolidated Fund (supplementary, grants and appropriation) Ordinance 2007 and Consolidated Fund (appropriation) Ordinance 2007.