Revised budget to be presented by Feb
Says Wahiduddin
Tuesday, 24 December 2024
Planning Adviser Dr Wahiduddin Mahmud on Monday said the interim government would announce the revised budget, although in this case more of an emergency budget reflecting the change in government, for the 2024-25 fiscal by February, reports UNB.
"It would be better to announce it by end of January, Time has come to coordinate monetary policy, budgetary policy and annual development budget and prepare a revised budget. We are trying to do that by end of January or in February so that everyone could be benefitted," he said.
The Adviser said this while briefing reporters after the ECNEC meeting at his ministry conference room.
He said that once the revised budget is passed, Bangladesh Bank will be able to implement its monetary policy, the Finance Ministry will know where to put the budget deficit, or how much foreign aid will be needed.
The Planning Ministry will be able to plan to quickly complete the projects in its hands.
He commented that if employment is not increased, the suffering of the people will not be reduced.
He mentioned that usually, the revised budget is prepared by the end of March, i.e. by the end of the 3rd quarter.