National budget announcement today

The national budget for the fiscal year 2020-21 will be placed in the parliament today (June 11).

Finance Minister AHM Mustafa Kamal will start placing the proposed budget at 3.00pm.

This is the second budget of both the present government and AHM Mustafa Kamal.

The finance minister will place a Tk 556,978-crore proposed national budget for 2020-21 fiscal year, giving an outline of recovering the economy from the negative impacts of the pandemic in his budget speech.

Given the situation caused by the outbreak of COVID-19 pandemic, this time the budget session will be different one as it will have less number of sittings and businesses unlike the previous sessions.

On Friday (June 12, 2020), the finance minister will hold a post-budget press conference at 3pm through videoconferencing. One can join the press briefing on the scheduled date and time on Zoom – a videoconferencing application.

The National Economic Council (NEC) already approved the Annual Development Programme (ADP) of Tk 205,145 crore for 2020-21 fiscal giving importance to transportation, education, health and agriculture sectors.

The size of the outgoing fiscal budget was Tk 523,190 crore, but later it was reduced to Tk 501,577 crore in the revised budget.

On May 18 last, President Abdul Hamid summoned the session (Budget Session for 2020-21FY) exercising power bestowed upon him by Article 72 (1) of the Constitution.



Dhaka/Hasnat/Mukul