The projected deficit in the national budget for the 2018-19 fiscal year is likely to widen by 14% but is expected to remain within 5% of the country’s GDP in line with the recommendation of the country’s development partners. According to the budget outline, the current deficit of Tk1,12,275 crore is estimated to rise by Tk15,149 crore to Tk1,27,425 crore in the budget for the next fiscal year. Bangladesh’s development partners strongly recommend that the country’s budget deficit does not rise to above 5% of GDP at any given time in a fiscal year. Estimated budget for next FY at a glanceThe total amount for the next budget is estimated to be Tk4,68,000 crore – 14.47% higher than the current fiscal year’s budget of Tk4,00,266 crore. The government plans to source 72.08% or Tk91,845 crore of the new budget deficit by borrowing from local banks and by using savings instruments.

Source: Dhaka Tribune November 28, 2017 06:56 UTC