Bangladesh plans Tk 468,000 crore national budget for 2018-19 fiscal
January 30th, 2018 at 2:03 pm
Bangladesh plans Tk 468,000 crore national budget for 2018-19 fiscal

Dhaka – The size of Bangladesh’s national budget for next financial year will be slightly higher than that of the current budget of 400,266 crore taka, the country’s finance minister said

The proposed budget for the 2018-19 fiscal year will be confined within 468,000 crore taka, Abul Maal Abdul Muhith told a pre-budget discussion organised in Dhaka by All Party Parliamentary Group on Monday.

Muhith also indicated that he would announce the universal pension scheme in the next national budget.

The APPG organised the discussion titled “National Budget 2018-2019: Expectations of the poor community and social safety net programmes” at the State Guest House Padma.

The minister said the growth target will also continue at 7.5 percent.

Discussants at the dialogue underscored the need for giving special attention on addressing urban problems alongside raising the allocations for urban programmes especially in Dhaka.

They also raised the issue of facilitating housing loans to the industrial entrepreneurs for the accommodation of the workers.

Muhith noted that the Implementation capacity of the government has increased over the years while the delay in implementation process has also reduced.

He also indicated that the number of recipients of various social safety net programmes is likely to increase in the next year.

The Finance Minister hinted that the revenue collection target may be downsized.

Parliamentary Standing Committee Chairman on Ministry of Foreign Affairs and Chairman of APPG on human rights affairs Dipu Moni chaired the dialogue.

Information Minister Hasanul Haque Inu, M Israfil Alam MP, Zahid Ahsan Russell MP, Shirin Akhter, MP, Principal Coordinator on SDG Affairs at the Prime Minister’s Office Md Abul Kalam Azad, Acting Finance Secretary Md Muslim Chowdhury, economist Qazi Kholiquzzaman Ahmad and FBCCI President Shafiul Islam Mohiuddin and APPG secretary general Shishir Shil addressed the dialogue among others.