Budget to be placed considering every citizen of Bangladesh: Khosru

CCGP approves Tk 4.23b contracts for 53 school-cum-flood shelters under RIVER project

FE Team | Published: June 03, 2026 22:38:09

Finance and Planning Minister Amir Khosru Mahmud Chowdhury on Wednesday said that the incumbent government would place the national budget for FY27 in Jatiya Sangsad on June 11 considering each and every citizen of Bangladesh.
"In Sha Allah, this budget will be placed on June 11. This budget is being prepared and will be placed considering every citizen of Bangladesh…we're passing through a bad time, inherited a fragile economy. Despite this, we're trying our best," he said, reports BSS.
The Finance Minister was talking to reporters at the Bangladesh Secretariat.
Khosru said they are trying to ensure the participation of all citizens in the economy so that the desired benefits reach all concerned.
"Hopefully, this will be a good beginning from inheriting a fragile economy. Although it will take some time, but the beginning will be good as we will be gradually moving towards betterment," he said.
The Finance Minister asserted that the country's economy will be investment-based coming out of the previous trend of printing money, taking hefty loans from banks and thus leaving the country into a negative condition.
He said that the government has been working on restoring a sound public financial management to prevent the country from falling into debt trap in the coming days as a huge amount is now being spent to repay the interests of loans in the national budget.
"We're trying our best to reduce our dependency on loans and thus enhance our reliance on investment. We'll have to reduce gradually our operating cost and thus raise investments," he said.
Khosru said that the current government after assuming responsibility has been working tirelessly to correct the distortions that prevailed in the economy and thus restoring proper macroeconomic stability in order to ensure discipline in the financial sector.
"These efforts in true sense will protect the interests of the people of Bangladesh and thus we'll be able to materialize our dream of becoming a trillion dollar economy," he added.
UNB adds: Meanwhile, the Cabinet Committee on Government Purchase (CCGP) on Wednesday approved two contracts worth over Tk 4.23 billion for the construction of 53 primary schools-cum-flood shelters in Nilphamari and Habiganj districts under a World Bank-funded climate resilience project.
The recommendation came at a meeting of the committee held at the Secretariat with Finance Minister Amir Khosru Mahmud Chowdhury in the chair.
Under the first proposal, the committee recommended awarding a contract worth Tk 1.86 billion for the construction of 26 government primary schools-cum-flood shelters in Nilphamari district under the Resilient Infrastructure for Adaptation and Vulnerability Reduction (RIVER) (1st Revised) project being implemented by the Local Government Engineering Department (LGED).
The contract is proposed to be awarded to BDE Limited-Western Engineering (Pvt.) Ltd. JV.
In a separate proposal under the same project, the committee recommended awarding a contract worth Tk 2.37 billion for the construction of 27 government primary schools-cum-flood shelters in Habiganj district.
The work is proposed to be carried out by Western Engineering (Pvt.) Ltd. and M/S Mominul Hoque (JV).
The RIVER project is being implemented by LGED with financing from the World Bank and the Government of Bangladesh to strengthen climate-resilient infrastructure and enhance disaster preparedness in vulnerable areas.
The committee also partially approved a proposal to procure 100 million new cut-size B-twill sacks for food grain storage under the Directorate General of Food through the e-GP system.