Agri subsidy comes down
Friday, 11 June 2010
FE Report
The government subsidy in the agriculture sector for the FY 2010-11 become Tk 40 billion (4000 crore) while it was Tk 49.50 billion in last fiscal year.
The fund is made available for granting subsidy on fertilisers and other agricultural programs to reduce the cost of production in agricultural sector.
The finance minister said the government made an allocation of Tk 4.27 billion in the last year's budget with a plan to expand irrigation facilities in the southern part of Bangladesh by utilising surface water, mitigating water logging problems in the south-west region and widening the area of cultivable land and facilitating multi-crop production through draining out water in Haor areas.
"To achieve these, implementation of 66 programs at an estimated cost of Tk 3.79 billion is going on speedily," he said proposing an allocation of Tk 3.00 billion in the next fiscal year.
"I propose to allocate Tk 74.92 billion, for development and non-development budget combined, for the Ministry of Agriculture in FY 2010-11," the finance minister said during the budget announcement.
The government subsidy in the agriculture sector for the FY 2010-11 become Tk 40 billion (4000 crore) while it was Tk 49.50 billion in last fiscal year.
The fund is made available for granting subsidy on fertilisers and other agricultural programs to reduce the cost of production in agricultural sector.
The finance minister said the government made an allocation of Tk 4.27 billion in the last year's budget with a plan to expand irrigation facilities in the southern part of Bangladesh by utilising surface water, mitigating water logging problems in the south-west region and widening the area of cultivable land and facilitating multi-crop production through draining out water in Haor areas.
"To achieve these, implementation of 66 programs at an estimated cost of Tk 3.79 billion is going on speedily," he said proposing an allocation of Tk 3.00 billion in the next fiscal year.
"I propose to allocate Tk 74.92 billion, for development and non-development budget combined, for the Ministry of Agriculture in FY 2010-11," the finance minister said during the budget announcement.