Parliament passes Tk340,605 crore budget
Asif Showkat Kallol

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The Parliament has passed a Tk340,605 crore budget for 2016-17 fiscal year, with a target to achieve 7.2% growth.

It is the third budget of the incumbent Awami League-led government which retained power through the 2014 national polls.

Finance Minister AMA Muhith moved the Appropriations Bill, 2016 seeking a budgetary allocation of Tk464,553 cr which was passed by voice vote.

Following the proposal mooted in the House by the Finance Ministry for parliamentary approval of appropriation of fund for meeting necessary development and non-development expenditures of the government, the ministers concerned placed justifications for the expenditures by their respective ministries through 55 demands for grant.

Earlier, 420 cut-motions that stood in the name of opposition and independent members on 55 demands for grant for different ministries were rejected by voice vote.

Seven MPs, several of them independent and others from the Jatiya Party, submitted their cut-motions on the budget.

They were allowed to participate in the discussion on Bank and Financial Institutions Division, Planning ministry Education Ministry, Local Government Ministry, Religion ministry, Ministry of Disaster Management and Relief, and Family Planning and Health Ministry.

Parliament members discussed the budget for 58 hours and 11 minutes in the House.

Later, Speaker Shirin Sharmin Chaudhury and Deputy Speaker Md Fazle Rabbi Miah applied guillotine to quicken the process of passing the demands for grant for different ministries without giving the lunch break.

Opposition and independent MPs were present at the House when the Appropriation Bill was passed in parliament.

Muhith on June 2 placed Tk340,605 crore budget in Parliament.

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