Tk 761,785 crore budget unveiled

Finance Minister AHM Mustafa Kamal unveiled a proposed budget of Tk 761,785 crore for the 2023–24 fiscal year in the national parliament today.

This is Kamal's fifth budget and the 52nd budget of the Bangladesh government.

The proposed budget will be 15.2 per cent of the Gross Domestic Product (GDP), according to the budget speech of the finance minister.

Of the total proposed budget, Tk 475,281 crore is allocated for operating expenditures, and the rest, Tk 277,582 crore, for development purposes.

The total revenue earnings for the 2023-24 fiscal year have been estimated at Tk 500,000 crore.

Of this, NBR will collect Tk 430,000 crore, and the rest will be collected from other sources.

The proposed budget's overall deficit, including grants, will be Tk 257,885 crore, which is 5.2 per cent of the GDP.