budget

First budget session of 11th parliament begins today

MNA National Desk: The first budget session of the 11th parliament will begin this afternoon. Also the third session of the present parliament in general, it is scheduled for 5:00pm, according to the Parliament Secretariat.

Prior to the start of the session, the business advisory committee of the parliament will sit in a meeting at 4:00pm with Speaker Shirin Sharmin Chaudhury in the chair, to fix the duration and businesses of the session.

Finance Minister AHM Mustafa Kamal will place the proposed national budget in the House on Thursday, which will be the first for him heading the current ministry.

The size of the budget for the upcoming 2019-20 fiscal year will cross Tk 5.0 trillion, said Prime Minister Sheikh Hasina at an Iftar Mahfil on May 25 last.

President Abdul Hamid on May 13 summoned the third session (budget, 2019) of the 11th parliament exercising the power bestowed upon him as per Article 72 (1) of the constitution.

The current parliament started its journey on January 31 with the Awami League having an absolute majority.

The budget to be placed will be the 48th of the country, while it will be the 11th successive for the ruling Awami League since 2009.

On June 7, 2018, former Finance Minister AMA Muhith placed a Tk 4.6 trillion-plus budget for the 2018-19 fiscal year.

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