approved

Tk 4.64 trillion budget approved for FY19

MNA Business Desk: The cabinet approved the national budget of around Tk 4.64 trillion for the fiscal year 2018-19 on Thursday afternoon, reported news agency.

Prime minister Sheikh Hasina presided over the special meeting of the cabinet held at the parliament complex.

Finance Minister AMA Muhith placing the national budget for the 2018-19 fiscal in parliament with all the indicators pointing to another expansionary budget in keeping with the AL government’s previous budgets.

The figure is an increase of 25 percent from the revised budget and more than 16 percent higher than the original budget of the outgoing fiscal year.

The GDP growth is projected at 7.8 percent for FY19. Muhith hopes to keep the inflation target below 5.4 percent in the new fiscal year.

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