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The ministry is responsible for state finance, including the state budget, taxation and economic policy in Bangladesh. It is led by the Finance Minister of Bangladesh. The department must report to the Parliament of Bangladesh. It contains four divisions.
Bangladesh Finance and Investment Company Limited, also known as BD Finance or Bangladesh Finance Limited, is a non-bank financial institution in Bangladesh. [ 1 ] [ 2 ] Manwar Hossain is the chairman Bangladesh Finance and Investment Company Limited and Md Kyser Hamid is the CEO and managing director.
The Finance Minister of Bangladesh heads the Ministry of Finance of the Government of Bangladesh. [1] It is one of the most important positions in the Cabinet and the Finance Minister must deal with all the other departments and plays an important role in deciding the funding levels for each.
The Economic Relations Division (ERD) is one of the four divisions of the Ministry of Finance, of the Government of the People's Republic of Bangladesh.The other three divisions of the Ministry of Finance are: Finance Division, Bank and Financial Institutions Division, and Internal Resources Division. [1]
The Government agencies in Bangladesh are state controlled organizations that act independently to carry out the policies of the Government of Bangladesh. The Government Ministries are relatively small and merely policy-making organizations, allowed to control agencies by policy decisions.
The Financial Institutions Division (Bengali: আর্থিক প্রতিষ্ঠান বিভাগ) is a Bangladesh government division under the Ministry of Finance responsible for managing all state owned banks, financial institutions, and stock exchanges. [1] [2] Md. Sheikh Mohammad Salim Ullah is the head of the division. [3]
Former Finance Ministers AMA Muhith and Saifur Rahman each presented 12 budgets during their respective tenures, marking the highest number of budgets in the country's history. [2] The 2024-25 budget marked the 53st in Bangladesh's history and was the 25th budget presented by an Awami League-led government. [3]
Administratively, it is the attached department to the Internal Resources Division (IRD) of the Ministry of Finance (MoF). MoF has 4 Divisions, namely, the Finance Division the Internal Resources Division (IRD), the Banking Division and the Economic Relations Division (ERD). Each division is headed by a Secretary to the Government.