Finance Division

division · verified (verified 2026-05-17)

Profile

Head: Dr. Md. Khairuzzaman Mozumder
Role: Secretary
Annual budget: ৳790,000,000,000
Staff: —
Established: 1971
Legal basis: Rules of Business 1996 (Schedule I); Constitution of Bangladesh, Article 87 (Annual Financial Statement); General Financial Rules 1947 (as amended)

Preparing the first elected-government budget (FY2026-27, target presentation 11 June 2026) under severe fiscal pressure: nine-month revenue shortfall Tk 1 lakh crore, ADP utilisation 36 percent at nine months, 9th Pay Commission un-gazetted, and IMF reform conditionalities constraining expenditure space.

Recent activity

2026-02-17 budget Finance Division operating under the BNP government's Finance Minister Amir Khasru Mahmud Chowdhury; Secretary Khairuzzaman Mozumder continued as principal accounting and expenditure authority. ↗↗
2026-02-28 budget ADP implementation for July-February FY2025-26 reached Tk 63,327 crore, 30.31 percent of the Tk 2,08,900 crore ADP allocation, marginally ahead of the 29.87 percent posted in the same period of FY2024-25; the revised ADP (RADP) was trimmed 13 percent to Tk 2,00,000 crore due to slow uptake. ↗↗
2026-03-15 reform Finance Division's PFM Reform Strategy 2025-2030 (3rd generation, 15 reform pillars) entered implementation phase covering fiscal sustainability, revenue mobilisation, debt management, digital transformation, gender-responsive budgeting, and climate-smart PFM. ↗↗
2026-04-01 budget Finance Division began intensive FY2026-27 budget preparation under fiscal strain: revenue shortfall in July-March reached Tk 1,00,000 crore (record high, exceeding FY2024-25 full-year shortfall of Tk 92,626 crore); proposed total budget Tk 9,30,000 crore with deficit near 5 percent of GDP. ↗↗
2026-04-23 budget Finance Division finalized FY2026-27 ADP at Tk 3,00,000 crore (Tk 70,000 crore higher than FY2025-26 revised ADP), with Tk 1,10,000 crore in foreign loans and Tk 1,90,000 crore in domestic financing; block allocation proposed at Tk 74,000 crore. ↗↗
2026-05-01 reform 9th National Pay Commission recommendations (submitted 21 January 2026 to Chief Adviser Yunus; min Tk 20,000, max Tk 160,000, 20 grades, 100-142% increase) remained un-gazetted; Finance Division facing pressure from employee associations for immediate gazette notification before the June 11 budget presentation. ↗↗↗
2026-05-12 policy Finance Minister chaired high-level meeting on the Universal Pension Scheme with Finance Secretary Khairuzzaman Mozumder present; Finance Division confirmed it is processing feasibility of the 9th pay scale partial rollout from July 2026 with full implementation in FY2027-28. ↗↗

Provenance & notes

Finance Division is one of two operative divisions under the Ministry of Finance (the other being the Financial Institutions Division at fid.gov.bd). It is the principal budget authority and public expenditure manager. Secretary Dr. Md. Khairuzzaman Mozumder (appointed 28 August 2023, replacing Senior Secretary Fatima Yasmin) holds a PhD from the University of Essex and an MA from McGill University; he was previously Additional Secretary (Macroeconomic) in Finance Division and Secretary of Energy and Mineral Resources Division. Website finance.gov.bd resolves to mof.gov.bd (the Finance Division portal); mof.portal.gov.bd is the legacy portal. The annual_budget_bdt field records the FY2025-26 total budget being executed (Tk 7,90,000 crore = 790,000,000,000 BDT). The 9th Pay Commission (23-member body headed by former Finance Secretary Zakir Ahmed Khan) submitted its report on 21 January 2026; gazette notification was not issued as of 2026-05-17. Verification based on 2+ primary sources for all quantitative claims.

Finance Division

Profile

Recent activity

Sources