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BUDGET-PASSED TWO LAST
Out of this amount, Taka 3,30,000 crore will be collected through the NBR. Tax revenue from the non-NBR sources has been estimated at Taka 15,000 crore, while the non-tax revenue is estimated to be Taka 33,000 crore.
The overall budget deficit has been estimated at Taka 190,000 crore, which is 6 percent of GDP up from 5.0 percent in the last fiscal year. Out of the total deficit, Taka 80,017 crore will be financed by external sources, while Taka 1,09,983 crore from domestic sources of which Taka 84,983 crore will come from the banking system and Taka 25,000 crore from savings certificates and other non-bank sources.
The allocation or the social infrastructure sector in the proposed budget is Taka 1,55,536 crore, which is 27.38 percent of total allocation, of which, the allocation for human resource sector (education, health and other related sectors) is Taka 1,40,222 crore.
Besides, Allocation proposed for the physical infrastructure sector is Taka 1,67,011 crore or 29.40 percent, in which Taka 69,553 crore will go to overall agricultural and rural development, Taka 61,435 crore to overall communications, and Taka 26,758 crore to power and energy. A total of Taka 1,40,265 crore has been proposed for general services, which is 24.69 percent of the total allocation.
An amount of Taka 36,610 crore has been allotted for public-private partnerships (PPP), financial assistance to different industries, subsidies and equity investments in nationalized corporations, banks, and financial institutions, which is 6.45 percent of the total allocation.
As per the ministry and division wise allocation, the Local Government Division received a proposed budgetary allocation of Taka 36,103 crore, followed by Taka 22,883 crore to the Health Services Division alongside Taka 6,362 crore to the Ministry of Health and Family Welfare, Taka 29,442 crore to the Road Transport and Highways Division, Taka 24,853 crore to the Power Division, Taka 15,442 crore to the Ministry of Agriculture, Taka 33,118 crore to Secondary and Higher Education Division, Taka 24,937 crore to the Ministry of Primary and Mass Education, Taka 34,842 crore to the Ministry of Defense.
In order to fulfill the emergency requirements, Taka 10,000 crore lump sum amount has been allocated to fight against COVID-19.
The government has allocated Taka 95,574 crore for the social safety net programmes, which is 16.83 percent of total budget and 3.01 percent of GDP in FY 2020-21. In the last year’s revised budget, the allocation was Taka 81,865 crore.
Earlier on Monday, the Jatiya Sangsad passed the Finance Bill 2020 with some minor changes.
BSS/ASG/GM/GMR/1453 hrs