Finance Minister AHM Mustafa Kamal Thursday placed a Taka 5,68,000 crore national budget for fiscal year (FY21) at the Jatiya Sangsad setting target of 8.2 percent GDP growth through tackling coronavirus pandemic and rejuvenating economy.
Lowest ever selected parliament members with leader of the House and Prime Minister Sheikh Hasina joined the sitting budget session.
Terming it as “economic transition and pathway to progress”, the Mr. Kamal said the total allocation for operating and other expenditures has been projected at Tk 3,62,855 crore and the allocation for the annual development programme (ADP) has been estimated at Tk 2,05,145 crore.
Health, agriculture and employment creation have been given priority while allocating resources for the ADP.
Talking about the budget deficit, Kamal said the overall budget deficit will be Tk 190,000 crore, which is 6 percent of GDP.
The revenue collection target for the coming fiscal year has been set Tk 378,000 crore. Of the amount, the NBR has been tasked to realise a revenue collection target of Tk 330,000 crore, the non-NBR revenue collection target is Tk 15,000 crore while the non-tax revenue collection target is Tk 33,000 crore. Besides, Taka 4,013 crore will come from foreign grants.
Today, Kamal placed his second budget as the country’s 12th finance minister. He read out some parts of the budget while rest of the parts were shown in multimedia presentation during his budget speech.