Staff Reporter:
The Cabinet on Tuesday approved proposals to convert two ordinances related to the supplementary budget for FY 2024-25 and the main budget for FY 2025-26 into law.
The decision was taken at the Cabinet’s third meeting held at the Secretariat under the chairmanship of Prime Minister Tarique Rahman, Cabinet Secretary Nasimul Ghani told reporters after the meeting.
The Cabinet approved the proposal to enact the ‘Specification (Supplementary) Ordinance, 2025’ pertaining to the FY 2024-25 supplementary budget. According to Article 91 of the Constitution, if approved expenditure in a fiscal year is insufficient or exceeds the allocated limit, a supplementary financial statement must be presented to Parliament.
However, with Parliament dissolved, this could not be submitted on time. Under Article 93, the interim government issued the ordinance, which now receives final approval to be converted into law.
Similarly, the Cabinet approved the proposal to enact the ‘Specification Ordinance, 2025’ related to the FY 2025-26 main budget. As per Article 87 of the Constitution, the annual financial statement of revenue and expenditure should be presented to Parliament, but this was not possible due to the absence of the House. Consequently, an ordinance was issued under Article 93, which is now being converted into law.
