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Bangladesh Infrastructue > Budget > 2011-12

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Vision 2021

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Budget 2011-12

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Towards Building A Happy, Prosperous and Caring Bangladesh

BUDGET SPEECH
2011-12


Abul Maal Abdul Muhith
Minister

Ministry of Finance
Government of the People’s Republic of Bangladesh

Dhaka

26 Jaisthya 1418
9 June 2011

BUDGET 2011-12 (OVERVIEW)

 

Mr. Speaker

Permission

1. I seek your kind permission to present the Supplementary Budget for the fiscal year 2010-11 and the Budget Estimates for the fiscal year 2011-12 before this august House.


Introduction and Background

2. The history of Bangalees is a history of endless struggle. This nation has fought for thousand years against tyranny and exploitation and built up indomitable resistance against all kinds of domination and conspiracies of vested quarters. Finally, Bangladesh emerged in the world map as an independent nation, through the great war of liberation at the cost of the blood of 3 million martyrs. Bangabandhu Sheikh Mujibur Rahman championed this emergence by providing an uncompromising, resolute and visionary leadership that made him the greatest Bangalee of all times and the Father of the Nation. While presenting the budget for FY 2011-12, I recall his contribution with profound love and respect. I also like to offer my deep gratitude to him. At the same time, I remember with high esteem the contributions of his competent comrades - the four national leaders of Bangladesh; and also the contributions of all the martyrs of language movement and ‘Liberation War of 1971’ and those, who laid down their lives in the movements against autocratic regimes and fundamentalism in independent Bangladesh. Their supreme sacrifice guides us in our journey and is a constant source of inspiration.

3. The Hon’ble Prime Minister Sheikh Hasina has presented before the nation the ‘Vision 2021’ for economic emancipation and the dream of a digital Bangladesh. Our previous two budgets have laid down the foundation for realising this vision. The proposed FY 2011-2012 budget will further strengthen this foundation and guide the nation to move forward with renewed strength. With her prudent opinion and counsel, the Hon’ble Prime Minister has guided me in preparing this budget, as she did in the previous years. I express my deep gratitude to her for having unvarying trust in me.

4. Like previous year, this year I also met with the respectable members of the society, renowned economists, professionals, the Economic Reporters Forum, NGO leaders, journalists and secretaries of all the ministries for pre-budget consultation. They all provided valuable recommendations on budget preparation. I am earnestly obliged to them. You are aware that agriculture and farmers constitute a vital component in the present Government’s development vision. It is, therefore, imperative for budget
to mirror their expectations. I went to the Barakhudra High School of Jessore to listen to the farmers’ views about the problems and prospects of agriculture. I sincerely congratulate the Channel-I for organising this meaningful and splendid pre-budget programme. Besides, I had the privilege to discuss with all the respectable members of four parliamentary standing committees and the chairpersons of ministerial standing committees. I would like to put on record my sincere thanks and gratitude for their valuable suggestions. Finally, I wish to express my sincere appreciation to all the employees of Finance Division and National Board of Revenue for their relentless efforts in successfully completing the Pre-budget Consultations arduous budget formulation process.

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