The government today (June 1) placed a Taka 7,61,785 crore proposed budget for FY24 at Jatiya Sangsad keeping ahead six key challenges with containing inflation as the major one.
Kamal wearing a traditional Panjabi and Pajama with a black ‘Mujib coat’ started placing his 248-page budget speech featuring power-point presentation just after 3:00 pm.
He said: “The budget size for the next FY2023-24 is estimated at Tk 7 lakh 61 thousand 785 crore, which is 15.2 percent of the GDP.”
The Finance Minister placed his 5th budget in a row and also the overall 52nd budget of the country.
Leader of the House and Prime Minister Sheikh Hasina was present at the August House.
The budget session was resumed today with Speaker Dr Shirin Sharmin Chaudhury in the chair.
The Finance Minister proposed to allocate a total of Tk 4,36,247 crore to operating and other sectors and Tk 2, 63,000 crore to the Annual Development Programme.
In the proposed budget for FY24, the total revenue is estimated at Tk 5 lakh crore. “Out of this, I propose to collect Tk 4 lakh 30 thousand crore through the National Board of Revenue and Tk 70 thousand crore from other sources,”
The overall deficit in the proposed budget will stand at Tk 2,61,785 crore, which is 5.2 percent of GDP.
It should be noted here that the deficit rate was 5.5 percent in the previous budget.
Out of the total deficit, Tk 1,55,395 crore are proposed to be financed from domestic sources and Tk 1,02,490 crore from external sources.
BDST: 1848 HRS, JUNE 1, 2023