Bangladesh suspends funds for 'less important' projects as austerity drive ramps up - News Summed Up

Bangladesh suspends funds for 'less important' projects as austerity drive ramps up


Projects in the third, or 'C' category, will not receive additional funding for the time being. A separate circular also suspended the purchase of new cars and an allowance for attending meetings for all types of government institutions. The ‘A’ category projects of ministries, departments and other institutions and their subordinate departments and agencies will continue to be implemented as usual. “The release of funds for 'C' category projects will be suspended for now. However, the concerned ministries, departments and other institutions may, as required, reallocate the funds allocated for the 'C' category projects (with the prior approval of the Planning Commission and the Finance Department where applicable) to the 'A' category projects," the circular said.


Source: bd News24 July 04, 2022 09:37 UTC



Loading...
Loading...
  

Loading...