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Muhith plans Tk 4,68,000cr budget for FY19

Muhith plans Tk 4,68,000cr budget for FY19

Muhith plans Tk 4,68,000cr budget for FY19

Finance Minister AMA Muhith yesterday said the outlay of the budget for the coming 2018-2019 financial year (FY19) could be Tk 4,68,000 crore, reports BSS.

“We announced Tk 4,00,266 crore budget for current fiscal. Revised budget for the current fiscal will be Tk 3,71,000 crore. We have projected Tk 4,68,000 crore for the next fiscal,” he told journalists after coordination council meeting and Budget Monitoring and Resource Committee (BMRC) meeting at the Finance Ministry in the capital.

Mentioning the figure as the initial indicator, he said, the actual figure of the next budget will be fixed on February, 2018.

“FY19 budget will be the last budget for this tenure of the present government. So I thought that we should start well tune on that budget right now,” he added.

“There will no new initiative in the next budget. It will not be either an ambitious budget,” he added. Muhith said education will be the most priority sector in the next budget as the government will give more emphasis on manpower development.

This fiscal, the finance minister said, the implementation performance of Annual Development Programme (ADP) is very good, so that the budget implementation performance is slightly better than the previous fiscal.

Responding to a question, he said, the revenue collection performance is also better than previous fiscal. “So far the revenue collection is allright. Last fiscal, the growth of revenue collection was 11 per cent. This fiscal, we expected the growth will be 13 per cent,” he added.

He said the number of taxpayers has enormously increased due to the government’s time befitting initiatives to expedite the revenue collection.

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