Finance Minister Abul Maal Abdul Muhith yesterday proposed a national budget of Tk 295,100 crore for the 2015-16 fiscal year (FY) with the aim of taking the country on a higher growth trajectory by projecting a 7 per cent growth, while setting a Tk 208,443 crore revenue target with a wider tax base. The minister also hoped for a stable political environment to achieve the goal. “We are trapped in the 6 per cent growth trajectory for the time being; our ultimate target is to transcend this cycle and transform our country into a developed nation by 2041. Political stability is the sine qua non for achieving this goal. I hope all patriotic political parties will refrain from violence and subversive activities and offer to cooperate in our…

The proposed budget for the 2015-16 fiscal year, placed yesterday by Finance Minister AMA Muhith, suggested…