The lifeblood of the economy is the people of the country. That is why, considering the impact of Corona, priority has been given to livelihoods in the new year's budget. Prime Minister Sheikh Hasina has taken up the challenge despite the existing adverse situation, with the dream of realizing the dream of building a prosperous country and taking Bangladesh to the list of high-growth countries. Efforts have been made in the announced budget to pull the economy and create employment in the post-Corona era.
It was passed by the Cabinet before the budget was presented in the National Parliament on Thursday. Finance Minister AHM Mustafa Kamal presented the new year budget proposal with a total expenditure target of Tk 6 lakh 3 thousand 681 crore. He said that by implementing the timely and effective economic recovery programs announced by the Prime Minister, the government will be able to create jobs and job security, create domestic demand and keep economic activities running, and successfully overcome the economic impact of the ongoing second wave of the Corona pandemic through the Covid vaccination program.
It is true that every challenge creates new opportunities. The expenditure structure of the announced budget has been determined to utilize the opportunities after this difficult period of Corona so that it is possible to achieve job-oriented and growth-oriented economic expansion while protecting lives and livelihoods.
The proposed budget has expressed its commitment to increase the coverage of the social safety net, reduce the corporate tax rate, industrialize some local industries by providing incentives, and turn the country into a developed country by 2041. Special benefits have been provided to the backward communities. To continue the trend of growth like in the past, special importance has been given to human resources, namely education and health sectors. Allocation has been increased for the health sector. A lump sum allocation of 10 thousand crore taka has been kept.
Budget Structure: The proposed budget has been estimated to have a total expenditure of 6 lakh 3 thousand 681 crore taka. ADP allocation is 2 lakh 25 thousand 324 crore taka. 3 lakh 61 thousand 500 crore taka has been kept in the underdeveloped sector. To ensure this expenditure, a revenue target of 3 lakh 89 thousand crore taka has been set. Out of this, the target of revenue collection through the National Board of Revenue or NBR has been set at 3 lakh 30 thousand crore taka. Revenue from sources outside the NBR will be 16 thousand crore taka. On the other hand, 43 thousand crore taka will be available from the non-taxable sector.
