Finance minister Kamal starts presenting national budget

Finance minister AHM Mustafa Kamal has started presenting the national budget in parliament for the 2019-20 fiscal year, reports UNB.

The finance minister began the rolling out the budget around 3:07pm.

This is the first budget of the Awami League government of its third successive term and the first one for Mustafa Kamal as the finance minister.

Earlier, president Abdul Hamid authenticated the national budget and the revised budget for placing before the Jatiya Sangsad.

The new budget predicts to collect Tk 3.77 trillion (Tk 3,77,810 crore) as revenue in the new fiscal year.

Of the amount, the National Board of Revenue (NBR) has been tasked to collect Tk 3.25 trillion (Tk 3,25,600 crore) as revenue.

The non-NBR revenue collection target is Tk 14.5 billion while the non-collection target is Tk 37.71 billion.

Besides, Tk 41.68 billion will come from foreign grants.

A 15-minute documentary highlighting various economic developments of the government was shown through a multimedia presentation before the beginning of the budget speech.