Bangladesh: The Bangladesh Budget FY 2016-17 - Agricultural Highlights

The Government of Bangladesh proposed national budget for FY 2016-17 (July-June) is BDT 3.41 trillion ($43 billion USD), which is 28 percent higher than the revised budget of last year. Of that, the Ministry of Agriculture received an allocation of BDT 136.75 billion ($1.73 billion). Stated goals for this money include: expand agricultural subsidies; improve access to low-cost credit; establish what they are calling an “agriculture processing and marketing center”; encourage more diversity of crops produced; and subsidize more farmers purchase of agricultural inputs, such as better quality seed and fertilizer. The budget allocated for the Ministry of Fisheries and Livestock is BDT 18 billion ($0.22 billion); for Ministry of Food it is BDT 24 billion ($0.28 billion). These both are higher than last year’s revised budget. Noteworthy detail in the budget includes the duty schedule for essential commodities and other inputs including: a) edible oils, pulses, onions, garlic, sugar; b) fertilizer, insecticide and seeds; c) pharmaceutical supplies; d) industrial raw materials such as cotton; and e) poultry and dairy.

Bangladesh: The Bangladesh Budget FY 2016-17 - Agricultural Highlights