Awami League earns Tk 6.61 cr in 2017; up than expenses | 2018-08-14 |

Awami League earns Tk 6.61 cr in 2017; up than expenses

Sun Online Desk     14th August, 2018 08:15:07 printer

Awami League earns Tk 6.61 cr in 2017; up than expenses

Awami League on Tuesday submitted its audited financial statement of 2017 calendar year to the Election Commission, showing Tk 6.61 crore as its income in 2017, higher than its expenses during the period.


As per the statement, the party's total income was Tk 202,496,436 in 2017, while its expenditure was Tk 136,348,117.


AL office secretary Dr Abdus Sobhan Golap submitted the financial statement to EC Secretary Helaluddin Ahmed at Nirbachon Bhaban in the city's Agargaon area.


Talking to reporters after the submission of the statement, Abdus Sobhan said the main sources of their party's income were donation received for the construction of new office building at Bangabandhu Avenue, annual fees that came from party leaders and activists from all levels, donations and profit earned from bank money, reports UNB.


He said new building construction, salaries and festival bonus of employees, arrangement of rallies and seminars and utility bills were the main heads of expenditures.


According to the law, each registered political party is obliged to submit its financial statement of the previous calendar year by each July 31.


If any political party fails to submit its financial statement for three consecutive years, the EC can cancel the registration of the party as per the Clause 90H of the Representation of the People Order, 1972.


This year the Election Commission extended the time till August 15 for seven registered political parties, including Awami League, following their requests.


BNP submitted its financial statement on July 31 showing that its annual income was Tk 5.25 crore, up than its expenditures, in 2017.