Climate Protection and Development: Budget Report 2017-18Jun 1, 2017
Mr. Abul Maal Abdul Muhith, Minister of Finance, presented a report on ‘Climate Protection and Development: Budget Report, 2017-18’ while placing the National Budget for FY 2017-18 on 1st June 2017. Finance Division published this report with the assistance from a project “Inclusive Budgeting and Financing for Climate Resilience (IBFCR)”, being implemented by the Finance Division with technical and financial support from UNDP and DFID. This is the first ever attempt in developing nations, and this ground breaking work was contributed by six ministries which are part of this pioneering effort - Ministry of Agriculture, Ministry of Environment and Forest, Disaster Management and Relief Ministry, Ministry of Water Resources (MoWR) Local Government Division (LGD), Ministry of Primary and Mass Education (MoPME). It is noteworthy that, linking national budget to climate change related policy objectives and targeted results is one of the broad objectives of the project.
The report is intended to bring to light the share of climate spending subsumed in total public expenditure and draw the attention of wider stakeholders to the Government’s commitment to address the issues arising from the adverse impacts of climate change. The analyses presented in the report are also meant to give them a fair idea about the distribution of climate spending across six thematic areas set out in Bangladesh Climate Change Strategy and Action Plan (BCCSAP). The present report with its limited coverage will pave the way for presenting a comprehensive report using more robust methodology in the next fiscal year.
The report extends its coverage to five big spending ministries which include the Ministry of Agriculture, Ministry of Water Resources, Ministry of Disaster Management and Relief, Ministry of Primary and Mass Education and Local Government Division of the Ministry of Local Government, Rural Development and Cooperatives, and climate relevant lead ministry, the Ministry of Environment and Forests. The report provides analysis on climate relevant budget data during the period from FY 2014-15 to FY 2017-18. The result of analysis shows that CC relevant allocation for these ministries stood at 0.7 percent of GDP on an average during this period..
The report is expected to help Bangladesh to usher a transformative shift towards greater resilience to disasters and climate change impacts with good outreach and potentially serve as good-practice for other challenged nations.
It is hoped that government, NGOs, CSOs, international organizations, policy makers, researchers, and all other relevant stakeholders will find this publication immensely useful in appreciating the Government’s move towards addressing this pressing issue.
Contact Information: Bipasha Chakma, Communication Officer, IBFCR project, email@example.com