Finance Minister unveils country’s 46th national budget

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excise duty

MNA Business Desk: Finance Minister Abul Maal Abdul Muhith is unveiling Tk 4 trillion national budget for 2017-18 financial year (FY18) at the National Parliament.

He started reading out the annual financial statement at Jatiya Sangsad (national parliament) at 1:40pm.

Earlier, the cabinet, chaired by Prime Minister Sheikh Hasina, approved the national budget for placing in the parliament.

About a total of expenditure, Tk 2.88 trillion is expected to come from the revenue earnings. But the budget, which Muhith claimed to be his best among the 11, will have a deficit of Tk 1.12 trillion, which is 5% of the GDP.

However, the minister placed his first full budget for FY2010, and the size of the budget was less than Tk 1 trillion.