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Parliament passes Tk 37.82 billion supplementary budget amid objections
BY Insider Desk
June 11, 2024

Parliament approved a supplementary budget of Tk 37.82 billion on Monday to cover increased expenditures for various ministries despite lawmakers’ objections.
Finance Minister AH Mahmood Ali presented the supplementary budget for the outgoing fiscal year 2023-24, alongside the new national budget, on June 6.
The Finance Minister introduced three bills to expedite the passage of the supplementary budget following a general discussion and cut motions.
The original budget for the 2023-24 fiscal year allocated Tk 7.62 trillion for 62 ministries and divisions.
In the supplementary budget, 22 ministries and divisions saw increased expenditures, while 40 remained unchanged or experienced reductions.
A total of 51 grant demands were submitted to allocate funds for different ministries, divisions, and institutions.
Members introduced more than 160 cut motions, mainly from the opposition and independent lawmakers. However, all the motions were overwhelmingly rejected when put to vote.
During discussions, lawmakers criticized the government for failing to restore discipline in the banking sector. Opposition Chief Whip Mujibul Huq Chunnu highlighted that several business groups received unprecedented loan rescheduling facilities, while farmers faced severe penalties for minor defaults.
Chunnu, during his cut motion on the finance division allocation, pointed out the division’s responsibility for supervising the banking sector, stating, “The entire banking sector is now in a mess.”
He cited the case of PK Halder, who allegedly embezzled over Tk 3.5 thousand crore from the banking system.
Debates also occurred on cut motions related to the ICT division.
The supplementary allocations for various ministries and divisions are as follows:
The supplementary budget reflects the government’s need to address increased expenditures across multiple sectors, even as it faces criticism for handling financial and administrative issues.
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