Finance Division, Ministry of Finance
National Budget for FY 2010-11 has been approved by the Parliament on 30 June 2010. Line Ministry/Division may start budget implementation activities immediately. All budget related documents are available at this Website and hard copies may be collected from relevant Budget Section.
33 Ministries/Divisions have been brought under the Medium Term Budget Framework (MTBF) in FY 2010-11. All remaining Ministries/Divisions will be brought under the MTBF process in FY 2011-12. Under the MTBF process each line Ministry/Division has to prepare its own Ministry Budget Framework (MBF). In the MBF, concerned Ministries/Divisions lay down their medium term strategy linking policies and priorities with resource allocation and resource allocation with the performance of departments and agencies. Another distinct feature of MBF is that it delineates impacts of public expenditure on poverty reduction and gender advancement.
Along with the National Budget the Finance Minister also placed one concept paper on ‘Unified Budget and District Budget’ and a position paper on ‘Power and Energy Sector’ before the Parliament. Another document named ‘Gender Budgeting Report’ on ten Ministry/Division also placed in the Parliament.
Work on the development of iBAS is continuing to introduce budgetary control at the Ministry/Division as well as CGA’s Accounting Offices. All treasury branches of Sonali Bank Limited are now capturing transactions of government receipts and payments through specially developed software. And also the government transactions through Bangladesh Bank branches have been brought under the coverage of automation.
‘Deepening MTBF and Strengthening Financial Accountability Project’ under the umbrella programme ‘Strengthening Public Expenditure Management Programme’ (SPEMP), a multi-donor trust fund financed programme, has formally began its operation. Consultants have been mobilized by the Contracting Firm and the process to prepare the Inception Report has kicked off. It is expected that this project will usher in a new era which will enable the Finance Division to take its ongoing reform to its next higher stage building on the reform experience, output and outcomes through FMRP and its predecessor project RIBEC, in the area of Public Financial Management (PFM).
All are Here with Details
