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The government has transferred a budgetary allocation of Tk 2,000 crore, earmarked for investment in state-owned entities like public banks, to already exhausted fund for unexpected expenditure to meet higher costs of maintaining law and order in the December 30 general election


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Finance division officials told New Age on Sunday that the transfer of the fund was completed in the past week with the consent of the president in absence of parliament.
Demand for additional fund for the 11th parliamentary elections and pressure from loss making Bangladesh Jute Mills Corporation to pay arrears to the workers forced finance division to arrange the transfer, they said.
Former interim government adviser Mirza Azizul Islam observed that the transfer of fund from one head to other was contrary to the financial discipline.
He expressed surprise at the exhaustion of Tk 2,000 crore of the contingency fund of the budget within five months of the financial fiscal year without any major calamities.
The disbursement of unexpected fund was made to meet about three dozens of expenditures, including Tk 331.70 crore for procuring the historic Rose Garden where the ruling Awami League was founded in 1949 with the name East Pakistan Awami Muslim League.
On October 31, the finance division released Tk 500 crore for post-service and welfare trust benefits of teachers.
The finance division officials said that demand for funds by the police, border guards, army and Ansar and VDP for election duty surpassed the projection of the Election Commission by almost Tk 600 crore.
The commission was allocated Tk 700 crore for holding the elections including Tk 4,00 crore fund for law enforcement agencies in the current national budget.
The police alone demanded Tk 428 crore for the election duty, followed by Ansar and VPD that wanted Tk 381 crore.
The demand for funds by Border Guard Bangladesh, armed forces and coast guards are Tk 72 crore, Tk 50 crore and Tk 8 crore respectively.
The commission spent Tk 265 crore, including Tk 183 crore on law enforcement agencies in the general election in 2014 against the budgetary allocation of Tk 500 crore.

Report by - //dailysurma.com

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