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To reduce the cost in the Corona situation, various activities have been started freeing up money from 460 development projects that have been postponed. DO letters (semi-official letters) from ministers and parliamentarians are being delivered to the finance ministry. In addition, application letters also arrive from different departments.
Development, employment and poverty alleviation activities in the region are severely hampered by the suspension order, the letter read. In the current situation, funds have been released for some public welfare projects. If the general situation improves, money for other projects will be released in phases. News related sources.
When asked about this, Planning Minister MA Mannan told Jugantar on Wednesday that no development projects have been left out. Cash discounts on low priority projects have been temporarily suspended to save money. The discount will remain closed until the situation improves. Now many are requesting discounts for projects. We are monitoring the general situation. Later, if the situation improves, a positive decision will be made about it.
In order to save money in handling the Corona situation, a letter from the Ministry of Finance was sent to various ministries, departments and agencies asking them to know the importance of the project. In light of this letter, it was requested to send the list to the Ministry of Finance, identifying more important, less important and medium quality projects.
After receiving this list, it was decided to suspend the discount of 40 percent of government financing for the implementation of less important projects. It has 480 projects. In addition, it was decided to stop the 30% discount on more important projects and the 30% discount on projects of medium importance.
As a result of the suspension of project funding by the Ministry of Finance, it is expected to save around Rs 40 billion at this time. Of this, Tk 26,000 crore will be saved from 460 low priority projects.
Meanwhile, a concerned official from the finance department told Jugantar that they had identified less important projects from different ministries and sent the list to the finance ministry. Keep funds off the list they were given
It is. Now they are sending letters from those ministries again to start financing the project. However, the next decision can be made in December after observing the country’s income situation.
Former financial advisor to the interim government. AB Mirza Azizul Islam told Jugantar that spending on low-priority projects would reduce spending on priority sectors and priority projects. This will also reduce the implementation rate. In addition, the implementation of the project will be delayed. Because each project lasts for 3 years, but it takes 6 years to complete. Not in the way it is needed. I think the low priority project should absolutely be discontinued at this time.
According to the Ministry of Finance, the Ministry of Finance has given low priority to the Rajshahi Division Rural Infrastructure Development Project. However, the Minister of State for Local Government, Shahriar, delivered a semi-official letter to the Secretary of Finance to deliver the money. He said that through this project, countless people are involved in Rajshahi, Natore, Naogaon, Chapainawabganj, Pabna, Bogra and Joypurhat. He asked to release the money from low and high priority. The cost of the project is Tk 614 crore. In the current ADB, 200 million rupees has been allocated to this sector.
Food Minister Sadhan Chandra Majumder delivered a semi-official letter to release funds for another project related to rural development infrastructure in the Rajshahi region. He said in the letter that development activities in the area were being hampered due to the suspension of funding for the project. Many people are unemployed. Construction work on this project has been completed. But due to the suspension of the monetary discount, the bill for the work will not be paid. As a result, he requested to take the project from low priority to high priority in order to complete the job on time. The cost of this project has been estimated at Tk 2,060 crore. In the current financial year, ADB has allocated Rs 200 million taka.
24 projects of the Ministry of Telecommunications and Information Technology have been given low priority. The cost of these projects is Tk 1048 crore. Of which 943 million rupees have been allocated. The Minister of State for Information and Communications Technology, Junaid Ahmed Palak, delivered a semi-official letter to release funds for these projects. He said work on 16 of the 24 ongoing projects will be completed in the current financial year. In response to the global coronavirus epidemic, the project requested a discount on the project to bring everything to people’s doorsteps through an uninterrupted network.
A letter was sent to the Finance Secretary in the Prime Minister’s Office to release funds for four projects. The letter, signed by Director (Administration) Mohammad Mominur Rahman, said support for Bangladesh Economic Zone Authority, Establishment of Jamalpur Economic Zone, Investment Promotion and Industrial Development Increase Production-1 and the Project for the Development of Skills and Creation of Entrepreneurs. The letter rationalized that the first three projects would be completed in the current financial year. In order to attract foreign investment, the project to promote investment and industrial development increase production-1 has been undertaken.
According to sources from the Ministry of Finance, the financing of 400 projects was suspended. But this includes the promise of a prime minister and the 24 projects related to the Rooppur nuclear power plant project. The finance department has decided to grant a 60 percent discount in favor of these subsequent projects. And in all other projects, only the salary allowance and car expenses are waived.
The rest of the funding has come to a complete halt. Considering the importance of the Mujib year and the promise of the Prime Minister, a letter was sent to the Finance Department to re-release money in four projects, including the establishment of Bangabandhu Sheikh Mujibur Rahman Novo Theater Rajshahi and 3 projects in the sector. Of the health. In this context, the Ministry of Finance has ordered the release of 60 percent of the funds allocated in favor of these projects, that is, 1,085 million Tk. The allocation for these projects was 1,505 million Tk.
