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Tk 2,61,785cr of deficit to be met from banking, external sources

Published : Thursday, 1 June, 2023 at 8:50 PM  Count : 677

Tk 2,61,785cr of deficit to be met from banking, external sources

Tk 2,61,785cr of deficit to be met from banking, external sources


Finance Minister AHM Mustafa Kamal proposed the national budget of Tk 7.61 lakh crore for the next fiscal of 2023-24 in parliament on Thursday.  

In the proposed budget, total revenue is estimated at Tk 5 lakh crore which is 10 per cent of GDP. Out of this, he proposed to collect Tk 4.30 lakh crore through the National Board of Revenue (NBR) and the rest Tk 70,000 crore from other sources.
According to the Finance Minister, the overall deficit in the proposed budget will stand at Tk 2 lakh 61 thousand 785 crore, which is 5.2 per cent of GDP.

He also reminded that the deficit rate was 5.5 per cent in the previous budget.

Out of the total deficit, Tk 1 lakh 55 thousand 395 crore are proposed to be collected from domestic sources. Of the amount, Tk 1 lakh 32 thousand 395 crore will be collected from the banking sector.

The rest Tk 1 lakh 2 thousand 490 crore will come from external sources.

END/SZA






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