Finance ministry officials said Kamal would present his vision on how to make a ‘Smart Bangladesh’ in his upcoming budget speech. The budget speech has been prepared with emphasis on ensuring people’s employment through business expansion. Officials said the government targets a possible revenue collection of Taka 5 lakh crore, around Tk 67,000 crore more than that in FY23. To meet the deficit, the government plans to borrow Taka 1,50,785 crore from domestic sources, including Taka 1,32,395 crore from the banking system, and Taka 1,10,785 crore from foreign sources. Higher allocations will be made for subsidies, more than Taka 1.10 lakh crore, and for interest payments, around Taka 1.02 lakh crore.

Source: Bangladesh Sangbad Sangstha May 30, 2023 11:53 UTC