DHAKA — Bangladesh is preparing its first-ever smaller budget for the fiscal year starting in July after consistently falling short on budget utilization as the International Monetary Fund team in Dhaka scrutinizes public sector finances.
Salehuddin Ahmed, finance adviser to the interim government of Bangladesh, last month hinted that the budget size for the upcoming fiscal year would be smaller than the current year, which amounts to 7.97 trillion taka ($65.6 billion) including the annual development program of 2.65 trillion taka.
