News Flash
DHAKA, June 30, 2025 (BSS) - Finance Adviser Dr Salehuddin Ahmed today officially announced the successful completion of the budget preparation for 72 institutions for the current year using the State-Owned Enterprises (SoE) and Autonomous Bodies (AB) Budget, Reporting and Evaluation Database (SABRE+) at his office in the Finance Division.
Previously, the Finance Division used to prepare the budgets for 49 organizations offline, said a press release.
To ensure transparency and accountability in the financial and institutional management of State-owned Enterprises and Autonomous Bodies, the Government is using the SABRE+ software.
This software is used for budget preparation, accounting of debt and contingent liabilities along with the fiscal risk analysis and evaluation of the overall management of these institutions.
The government is now working to bring approximately 400 state-owned and autonomous institutions under the SABRE+ database through this online system.
SABRE+ is an online database system developed by the Monitoring Cell of the Finance Division. It is used to prepare the budgets of State-owned Enterprises and Autonomous Bodies, calculate their debt and contingent liabilities along with report and evaluate their overall performance.
The system aims to ensure transparency, efficiency, and sound financial management by simplifying the processes of budget preparation, accurate accounting of assets and liabilities, evaluation, and reporting through a digital online platform.
SABRE+, which was launched on a trial basis in September 2023, began its journey by piloting in 12 institutions in the last fiscal year. In the current 2024-25 fiscal year, it has played a major role in data-driven decision-making for budget preparation for 72 organizations, calculating debt and contingent liabilities for 101 organizations, assessing fiscal risk, and evaluating the performance of 20 organizations.
The Application Programming Interface (API) of SABRE+ with iBAS++ allows for the automatic exchange of data within national financial records. This ensures coordination, reduces duplication of work, and facilitates real-time monitoring of financial flows.
In the current fiscal year, 72 State-owned Enterprises and Autonomous Bodies have submitted their budgets through SABRE+. The transition from an offline to an online system has made the budget process more accurate along with enhanced transparency and accountability in financial flows.
