Dhaka     Tuesday   04 August 2020

Tk 568,000cr budget for FY 2020-21 placed

8 || risingbd.com

Published: 12:15, 11 June 2020   Update: 15:18, 26 July 2020

Finance Minister AHM Mustafa Kamal has placed the national budget of Tk 568,000 crore for the fiscal year 2020-21 in Parliament amid coronavirus pandemic.

With recitation from holy Quran, the budget session began at 3pm on Thursday (June 11) in the parliament with Speaker Dr Shirin Sharmin Chaudhury in the chair.

Earlier on the day, the Cabinet at a special meeting approved the proposed national budget for the fiscal year 2020-2021 with Prime Minister Sheikh Hasina in the chair.

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

The revenue collection target for the coming fiscal year is Tk 378,000 crore. Of the amount the National Board of Revenue (NBR) has been tasked to realize a revenue collection target of Tk 330,000 crore, the Non-NBR revenue collection target is  Tk 15,000 crore while the Non-tax revenue collection target is Tk 33,000 crore. Besides, Tk 4,013 crore will come from foreign grants.

The national budget worth Tk 5,23,190 crore was passed unanimously for the fiscal year 2019-2020.