Cabinet approves FY20 national budget

Banglanews Team |
Update: 2019-06-13
Cabinet approves FY20 national budget
Photo courtesy: PID

DHAKA: The cabinet in its special meeting Thursday (June 13) approved the proposed budget for the financial year 2019-20 (FY20).

Prime Minister Sheikh Hasina presided over the meeting held in the cabinet room of the Jatiya Sangsad Bhaban.

The cabinet also endorsed the Appropriation (supplementary) Bill- 2019, and the Appropriation Bill-2019.

Finance Minister AHM Mustafa Kamal and other cabinet ministers and state ministers concerned attended the meeting.

This is the country’s 48th budget and the 20th of the Awami League (AL) government in five terms while Tajuddin Ahmed presented the first budget as the finance minister of the post-independence Bangabandhu government in 1972.

Kamal has started placing his first budget at the JS around 3pm, as the country’s 12th finance minister after taking the charge of the finance ministry in the third consecutive term of AL government.

Size of the budget is Tk 5,23,190 crore which is equivalent to 18.1 percent of total GDP.

BDST: 1632 HRS, JUN 13, 2019

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