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Govt suspends spending on land acquisition, machinery purchase

BSS . Dhaka
15 Dec 2022 21:51:55 | Update: 15 Dec 2022 21:53:14
Govt suspends spending on land acquisition, machinery purchase

In order to reduce expenditure, the government has decided to completely suspend spending on land acquisition and purchase of machinery and equipment under the operating budget.

The finance division in a notification issued today stated that the spending on some cases will remain totally suspended and it will be lowered in some other areas.

According to the notification, no more fresh notification of award (NoA) will be issued under the 'building and establishment' sector while not more than half of the funds allocated in the budget can be spent for NoAs already issued.

Moreover, spending will remain totally suspended in case of procurement of computers, furniture, and other instruments, the notification added.

It also noted that funds allocated for these purposes cannot be transferred to other sectors or no funds can be transferred to these sectors from other sectors.

The Russia-Ukraine war in late February has led to global economic crises and it has forced the government to cut spending.

Earlier, the government suspended foreign tours of its employees to mitigate the pressure on dwindling foreign currency reserves.

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