The Finance Minister AHM Mustafa Kamal has proposed an allocation of Tk29,247 crore for the health services and education in the budget presented in the parliament today for the fiscal year 2020-2021.
The health budget this year has been hiked by 23.44 percent from the revised budget of Tk 23,692 crore for the fiscal year 2019-20.
The allocation has been increased, keeping in mind that part of the fund will be spent on dealing with the pandemic, said the Finance Minister.
Apart from that, the government has proposed Tk10,000 crore to be kept aside to deal with any emergency crisis and meet the healthcare needs in the fight against the Covid19 pandemic.
A coordinated health-science research and development fund of Tk100 crore has been proposed to boost research in the health education and science technology sector.
A committee will be formed comprising expert physicians, nutritionists, public health and social scientists to ensure proper use of the fund. Health economists, environmentalists and civil society members will also be engaged.
In total, as much as Tk41,027 crore will be allocated to the health sector for the next fiscal year, which is 1.3 percent of the Gross Domestic Product (GDP) and 7.2 percent of the total budget.