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Muhith places 2014-15 budget

Finance Minister AMA Muhith has placed annual budget proposal around Tk 250,506 crore for 2014-15 fiscal year on Thursday afternoon.

The finance minister started reading out the proposal of the country’s 43rd budget at 3:36pm through a powerpoint presentation in the House.

The national budget for fiscal 2014-15 is being placed in parliament with an ambitious economic growth target of 7.3% through a substantial rise in government spending.

While placing the budget, Muhith said: “I am grateful to the Honourable Prime Minister Sheikh Hasina for having confidence in me once again and entrust upon me with the responsibilities of Finance Minister even at the twilight of my career.”

“Like the previous years, I had several rounds of consultation with the honourable members of parliamentary standing committees, eminent citizens, renowned economists, professionals, businessmen, NGO leaders, journalists and secretaries to the government while setting this budget,” he added.

“In the last term, our aim was to put the economy on a firm footing. With that end in view, we laid emphasis on building of infrastructure, development of power and energy sectors, improvement of information technology and creation of an investment-friendly environment.”

Earlier at 1pm, a cabinet meeting held at Sangsad Bhaban complex gave approval to the new budget with Prime Minister Sheikh Hasina in the chair.

As a finance minister of the Awami League government, it is his sixth budget in a row.

It is the 15th budget of the Awami League government and the eighth for Muhith.

The budget for the FY15 will be passed on June 29.

The first budget of the present term would have an outline for the next five years of the development activities with a plan to make the country as a middle income one.

Priority was given from this budget to implement few mega projects like Padma Bridge, Dhaka-Chittagong Four-lane project and nine power plants, including Rooppur nuclear power plant.

The projects, announced in the ruling Awami League’s previous term along with a host of others, are expected to directly contribute to the country’s economic growth and benefit the people.

Like previous years, all the budget documents will be made available online at www.mof.gov.bd, ww.bangladesh.gov.bd, www.nbr-bd.orgwww.plancomm.gov.bdwww.imed.gov.bdwww.bdpressinform.org and www.pmo.gov.bd.

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Source: Dhaka Tribune

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