Tuesday, June 25, 2024

Section

বাংলা
Dhaka Tribune

Ministries warned about overpriced materials used in projects

The Cabinet Division has sent out a circular to all ministries, instructing them to be careful in undertaking projects

Update : 22 Sep 2020, 11:17 PM

The Cabinet Division has instructed ministries and their divisions to be careful in undertaking and clearing projects, in order to avoid the unusually high pricing of materials used in the projects.

All ministers, senior secretaries and secretaries were issued the instruction through a circular on Monday.

The development comes on the back of media reports revealing the exorbitant pricing of products or materials used in different government projects, sparking criticism from different quarters.

The top brass of the government have noticed that the ministries and divisions are undertaking projects, going beyond the provision within the mid-term budgetary allocation, the circular says.   

“As a result of that, there has been an inconsistency between the government’s revenue earnings and the allocation for running projects. This is also hampering a proper disbursement of funds meant for all projects,” it says.

Undertaking projects beyond estimation and projection is not consistent with the government’s fair financial management, the circular further says.

The cabinet also instructed government offices to run mandatory feasibility studies of any investment project involving more than Tk50 crore.

Top Brokers

About

Popular Links

x