Bangladesh Finance Minister AHM Mustafa Kamal will unveil a Tk 6.80 trillion (Tk 6.80 lakh crore) national budget for the financial year 2022-2023 in Jatiya Sangsad on Thursday.
The size of the budget will be about 15% of the country’s gross domestic product (GDP). GDP is the total monetary value of all the finished goods and services made in a country during a financial year.
This is the country’s 51st budget and the 23rd of the Awami League government in five terms. The budget will see special measures of tax exemptions on agriculture, food processing and small sector development, UNB has learnt.
Experts emphasise on having measures to control inflation and stabilise the country’s foreign exchange rate, besides steps to ensure food security.
Tajuddin Ahmed presented the first budget as the first finance minister of the post-independence Bangabandhu government in 1972.
In the upcoming budget, the target of GDP growth is set at 7.5% and inflation will be pegged at 5.5%.
SOURCE: UNITED NEWS OF BANGLADESH