Allocation for forestation, climate change adaptation rises

Staff Correspondent | Published: 00:12, Jun 08,2018 | Updated: 00:23, Jun 08,2018

 
 

The ministry of environment and forest would receive an increased budget allocation for the 2018-19 financial year, which is 42 per cent up from the revised budget Tk 891 crore for the outgoing fiscal.
Bangladesh finance minister AMA Muhith on Thursday proposed an allocation of Tk 1,269 crore for the ministry for the new fiscal. In the previous budget, Tk 1,119 crore was proposed for the environment and forest sector.
The proposed allocation is 0.27 per cent of the proposed national budget of Tk 4,64,573 crore.
However, climate change related budget share in the national budget has increased slightly from 8.56 per cent of the outgoing fiscal to 8.82 per cent in the proposed FY 19.
According to the budget report 2018-19 for climate financing for sustainable development, twenty climate relevant line ministries would receive Tk 18,948.76 crore, up from Tk 16,317.99 crore allocated for the outgoing fiscal.
The allocation would be spent in six thematic areas–food security, social protection and health, disaster management, infrastructure development, research and knowledge management, low carbon development, capacity building and institutional strengthening.
The environment and forest ministry would receive Tk 669.58 crore as climate relevant allocation for the FY 2018-19 which was Tk 419.91 crore in the outgoing fiscal.
Muhith in his budget speech said that the government has planned to create green belt by creating mangrove forest in 28,526 hectares of land covering 512km coastal area by 2021.
To curb plastic pollution, Muhith proposed five per cent supplementary duty on production of all kinds of polythene and plastic bags.
In order to discourage local consumption of tobacco, Muhith also proposed to withdraw 25 per cent customs duties on tobacco exports.
He proposed for reduction of supplementary duty on import of 1600-1800cc hybrid motor cars from 45 per cent to 20 per cent considering energy efficient and environment-friendly means of transport.

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