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Finance Minister presents Tk 2.5tr nat’nal budget in JS today

Finance Minister Abul Maal Abdul Muhith will present before the 10th Jatiya Sangsad (parliament) a Tk. 2.5 trillion (250,000 crore) national budget for the fiscal year (FY) 2014-2015 on Thursday afternoon. The budget will have a Tk 674.98 billion deficit. The Finance Minister will present the annual budget having a Tk 1.84 trillion revenue target. The probable size of the 2014-15 budget is Tk 2,502 billion. The size of the ADP will be Tk 803.15 billion while non-development budget is about Tk 1.7 trillion. The estimated revenue income is Tk 1.84 trillion, of which Tk 1,497.2 billion will come from the National Board of Revenue (NBR). This will be the first national budget of Prime Minister Sheikh Hasina’s government since it was elected for the 2nd consecutive term in January 5 parliamentary elections. For Finance Minister Muhith it is his 8th national budget presentation. His budget speech is expected to start at 3:00pm. The Annual Development Programme (ADP) of the FY 2014-15 prepared by the Planning Commission alongside the activities of the banks and financial institutions 2013-14 prepared by the Bank and Financial Institution Division will also be placed in the JS. The Finance Minister will hold a post-budget press conference on Friday (June 6) at 4:00pm at the Osmani Memorial Auditorium in the city, according to private TV channels.

Source: Financial Express

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