A country’s public money management system is essential for rightful implementation of its government’s policies and objectives. Public money plays a significant role in government expenditure and in order to ensure the citizens that their money is being well spent, authorities concerned should be transparent and accountable in their actions. In this regard, Prime Minister Sheikh Hasina has also urged public servants to be vigilant about spending public money and be accountable for every penny spent on the ongoing development and infrastructural projects.
Corruption in the public sector is a problem that Bangladesh has been fighting against for long and although there have been noteworthy improvements, the government still needs to address many challenges. Often government officials are alleged of mismanaging public money and the real blow actually falls on the taxpayers who provide this money. No economy can survive without income from taxes and it is important that taxpayers are aware of the ways the government handles portions of their hard earned income. Thus, projects should be carefully chosen, invested and implemented so that public money does not get wasted.
In order to curb the problems associated with lack of transparency and accountability in public money management, the government established the Public Interest-related Information Disclosure (protection) Rules in 2017. If government officials are fair in their actions and there is mass awareness generated against unlawful handling of public money, development policies and programmes taken by the government will be able to function with fewer barriers and produce the intended results.