Finance Division, Ministry of Finance
Macro-modeling and analyzing capacity building in the Finance Division continues. Upgradation of Medium Term Macroeconomic Framework (MTMF) for the second half of FY09 is under progress and resource ceilings for FY10-12 for the 20 MTBF ministries/divisions have been issued. Preparation of Medium Term Budget Outlook (MTBO), Medium Term Budget Strategy (MTBS), and Bangladesh Economic Review 2009 are progressing fast.
Preparation of Ministry Budget Framework (MBF) for the 20 MTBF ministries/divisions will be completed soon. In the MBFs concerned ministries/divisions lay down their medium term strategy and also show links of expenditures with the strategic goals. Another distinct feature of MBF is that it delineates impacts of public expenditure on poverty and gender.
A high level task force has been formed to monitor the likely affect of global economic recession and also to provide necessary suggestions for tackling adverse impacts of the global economic recession.
Installation of Finance Wide Area Network (WAN) has been completed. Finance Division has already been connected with CGA, all six divisional account offices and all district account offices. Work has continued on the development of iBAS to introduce budgetary control at the CGA’s Accounting Offices. The Ministry of Women and Children’s Affairs (MWCA) is piloting this development. Budget sanctions have been entered centrally at the MWCA by DDO and the iBAS functionality for matching actual bills entered against the distributed budget sanctions will be switched on shortly.
Work has also been continuing to pilot the use of iBAS for transaction accounting at (Upazila Accounts Offices) UAOs. The first pilot has started at UAO Savar.
All treasury branches of Sonali Bank Limited are capturing transactions of government receipts and payments through specially developed software. And also the government transactions through Bangladesh Bank branches have already been automated.
