SANGSAD BHABAN, June 29, 2019 (BSS) – The proposed budget for fiscal 2019-20 will hopefully to raise
the GDP growth of the country to 10 per cent by 2024.
“I am very hopeful on a sustained basis … the proposed budget will achieve 10 per cent growth by
2024,” said the finance minister AHM Mustafa Kamal while winding up the general discussion on the
proposed budget for 2019-20 fiscal at the House here today.
Regarding the proposed budget, the finance minister said the proposed budget has been prepared in
easy way as it has not been imposed the rate of the tax but it has been proposed to increase the
purview of tax net.
The budget, has been framed with the guidelines of Prime Minister Sheikh Hasina, which has
equipped with some new components and demands that is a good initiative, the finance minister told
the house.
Terming the proposed budget as the foundation, he said the budget has been proposed not for a
single fiscal year, but it will create a foundation for all the budgets which would help turn the country
into a prosperous one by 2041.
Criticizing receiving bank loan in proposed budget implementation, finance minister said, Bangladesh is
the least bank loan recipient country in the world as country’s loan recipient percentage is only 34 per
cent while it is 285 per cent in China.
The finance minister, however, assured that the country would not implement budget with the bank
loan by 2030, but the country will provide loan to other countries.
He thanked the prime minister for rightly place the budget on the house as he was unable to present
the budget fully for his illness.
Regarding the revenue earning, he said we have a scope to earn Taka 1 lakh crore from the bonded
ware house in a year, adding that other Taka 25,000-30,000 crore will be mobilised from the new VAT
act.