Safety Net: Where does the money flow?

“Above 40pc of the total allocation for FY17-18 to be spent on public servants’ pension; the rest is meant for over 100 safety net programmes

The government will keep aside almost three-fourths of the proposed increase in the social safety net allocation for giving retirement benefits to public employees in the next fiscal year.

Finance Minister AMA Muhith has suggested raising the budget for social safety programmes by 35 percent to Tk 54,206 crore, compared to the revised one of the outgoing fiscal year.

As calculated, 72 percent of the increase of Tk 13,349 crore would be spent on public servents’ pension benefits leaving only 28 percent — Tk. 3,624 crore — for some 100 safety net programmes run by 23 different ministries.”

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