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Tk 5.23 tn budget focusing Pathway to Prosperity

Published : Thursday, 13 June, 2019 at 5:04 PM  Count : 456
Observer Online Report

Tk 5.23 tn budget focusing Pathway to Prosperity

Tk 5.23 tn budget focusing Pathway to Prosperity


The Tk 5,23,190 crore budget  for FY2019-20 was unveiled in the parliament on Thursday.

The budget titled "Bangladesh on a Pathway to Prosperity: Time is Ours, Time for Bangladesh."

It was the maiden budget for Finance Minister AFM Mustafa Kamal and 20th for the Awami League government.

The Finance Minister has started placing the before the house around 3:00pm. At one stage, he fell sick and requested Prime Minister Sheikh Hasina to read out the budget speech.

Later, being allowed by Speaker Shirin Sharmin Chaudhury, the PM presented the remaining budget on behalf of the Finance Minister.

Around 4:45pm, the Speaker adjourned the session until Sunday.

Earlier, President Abdul Hamid authenticated the national budget and the revised budget for placing before the Parliament.

The new budget envisages collecting Tk 377,810 crore as revenue in the new fiscal year.

Of the amount, the National Board of Revenue (NBR) has been tasked to collect Tk 3,25,600 crore as revenue. The non-NBR revenue collection target is Tk 14,500 crore while the non-llection target is Tk 37,710 crore.

Besides, Tk 4,168 crore will come from foreign grants.

A 15-minute documentary highlighting various economic developments of the government was shown through a multimedia presentation before the beginning of the budget speech.



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