Finance Division, Ministry of Finance

The National Budget of FY 2015-16 and the supplementary budget for FY 2014-15 have been placed before the parliament on June 4, 2015. A number of publications have also been placed before the Parliament along with the Annual Financial Statement (Budget). Notable, amongst those are:

• The Budget Speech (Bangla/English )
• Budget In Brief (Bangla/English)
• Annual Financial statement (Bangla/English)
• Gender Budget Report (Bangla/English)
• Sishuder Niye Budget Bhabna (Bangla)
• Medium Term Macroeconomic Policy Statement (Bangla/English)
• Demands for Grants and Appropriation (Non-development and
  Development) (Bangla/English)
• Advancement Towards Digital Bangladesh (Bangla)
• Bangladesh Economic review (Bangla/English)

Priority Areas:
The Government has fixed a number of priorities in this year’s budget to materialize the national goal of graduating Bangladesh into a middle income country by 2021.

• Overall Human Resource Development with special emphasis on Health   and Education
• Infrastructure development, especially - power, energy, road, railway
  and port
• Agriculture and Rural Development
• Increased utilization of IT in service delivery and materialization of
  Digital Bangladesh
• Resilience against Climate Change
• Increase remittance, diversification of export and explore economic
  opportunities abroad

Ongoing Reform Activities:
• PEFA assessment: Finance Division officials are working in tandem
  with the international consultants of PEFA Secretariat in order to assess
  the condition of country public expenditure, procurement and financial
  accountability system under the 2015 PEFA guidelines.
• PFM reform: On the basis of the shortcomings identified in the PEFA
  assessment, the Finance Division will update its PFM Strategy and
  subsequently new reform initiatives will be undertaken
• New classification: The Finance Division is working on developing a
  new classification framework to make it consistent with international
  best practices. This new classification framework, once being
  functional, will make public expenditure management more disciplined
  and transparent.
• iBAS++:Initiatives are underway to replace the existing iBAS (integrated
  Budget and Accounts System) with iBAS++, an upgraded version of the
  previous system, that would reinvigorate the accountability and
  transparency of the PFM system as a whole.