The government on Thursday (June 11) has proposed a Tk 5 lakh 68 thousand crore budget for 2020-21, fixing the target of attaining a higher GDP growth of 8.2 percent in the financial year.
Total Outlay Tk 5,68,000cr
Total Revenue Tk 3,78,000cr
Operating & other Expenditure Tk 3,62,855cr
Annual Development Program Tk 2,05,145cr
Deficit Tk 1,90,000cr
Finance Minister AHM Mustafa Kamal started presenting the national budget in Parliament around 3:4 pm. He placed the national budget in the House with Speaker Dr. Shirin Sharmin Chaudhury in the chair.
The minister presented the budget up by 44,810 crore, or around 7.9 percent, from that of outgoing fiscal’s Tk 5,23,190 crore.
In the budget speech titled ‘Economic Transition and Pathway to Progress,’ the Finance Minister set an average inflation target of 5.4 percent for the 2020-21 fiscal.
This is the second budget of Awami League’s third successive term in power and also the second one for Mustafa Kamal as the Finance Minister.
Of the budget, Tk 3,78,000 crore will come from the National Revenue Board (NBR), non-NBR and non-tax revenue altogether, while Tk 3,30,000 crore of that amount will be from the NBR alone.
The budget deficit is estimated to be Tk 1,90,000 crore.
In financing the deficit, Tk 80,017 crore will come from external sources, including grants, and around Tk 1,09,983 crore from domestic sources.
Total allocation for operating and other expenditures is Tk 3,62,855 crore), and allocation for the annual development programme (ADP) is Tk 2,05,145 crore.
Earlier, President Abdul Hamid authenticated the national budget and the revised budget for placing before the Jatiya Sangsad.
The Finance Minister read out some parts of the budget while the rest of its parts as shown in a multimedia presentation.