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Finance Minister starts presenting new national budget

Finance Minister starts presenting new national budget 

Finance Minister AHM Mustafa Kamal is presenting the national budget in Parliament for the 2019-20 fiscal year. Photo: Courtesy

Dhaka, June 13 : Finance Minister AHM Mustafa Kamal has started presenting the national budget in Parliament for the 2019-20 fiscal year.

The Finance Minister began the rolling out the budget around 3:07pm.

This is the first budget of the Awami League government of its third successive term and also the first one for Mustafa Kamal as the Finance Minister.

Earlier, President Abdul Hamid authenticated the national budget and the revised budget for placing before the Jatiya Sangsad.

The new budget envisages to collect Tk 3,77,810 crore as revenue in the new fiscal year.

Of the amount, the National Board of Revenue (NBR) has been tasked to collect Tk 3,25,600 crore as revenue. The non-NBR revenue collection target is  Tk 14,500 crore while the non-llection target is Tk 37,710 crore.

Besides, Tk 4,168 crore will come from foreign grants.

A 15-minute documentary highlighting various economic developments of the government was shown through a multimedia presentation before the beginning of the budget speech.