Muhith plans Tk 4,20,000cr budget for next fiscal

Finance Minister Abul Maal Abdul Muhith yesterday said the outlay of the budget for the coming 2017-2018 fiscal could be as high as Taka 4,20,000 crore, reports BSS. "We projected that the next budget outlay Taka 4 lakh crore but I want to take it Taka 4.20 lakh crore," he told journalists after a pre-budget meeting with leading financial watchdogs at the State Guest House Padma in the capital.
Economists and representatives of Economic Research Group (ERG), Bangladesh Institute of Development Studies (BIDS), Policy Research Institute (PRI) and Bangladesh Economic Association (BEA) took part in the discussion.
The think tanks gave a number of suggestions, including giving attention on Sustainable Development Goals (SDGs), increasing remittance inflow, increasing automation in banking sector, making financial statement in accrual basis and expanded budgetary allocation for various vital sectors like education and health. Muhith said the government takes some initiatives in every budget and it can also be continued in the coming budget.
"Budget size is important . . . the government is announcing large budget," he added. The minister, however, said the GDP growth would be exceeded 7.2 percent in the 2016-17 financial year and the growth would be followed 7.5 per cent in future.

Muhith plans Tk 4,20,000cr budget for next fiscal

Finance Minister Abul Maal Abdul Muhith yesterday said the outlay of the budget for the coming 2017-2018 fiscal could be as high as Taka 4,20,000 crore, reports BSS. We projected that the next budget outlay Taka 4 lakh crore but I want to take it Taka 4.20 lakh crore, he told journalists after a pre-budget meeting with leading financial watchdogs at the State Guest House Padma in the capital. Economists and representatives of Economic Research Group (ERG), Bangladesh Institute of Development Studies (BIDS), Policy Research Institute (PRI) and Bangladesh Economic Association (BEA) took part in the discussion. The think tanks gave a number of suggestions, including giving attention on Sustainable Development Goals (SDGs), increasing remittance inflow, increasing automation in banking sector, making financial statement in accrual basis and expanded budgetary allocation for various vital sectors like education and health. Muhith said the government takes some initiatives in every budget and it can also be continued in the coming budget. Budget size is important . . . the government is announcing large budget, he added. The minister, however, said the GDP growth would be exceeded 7.2 percent in the 2016-17 financial year and the growth would be followed 7.5 per cent in future.