More

    President Signs Proposed Budget Finance Bill

    President Md. Shahabuddin has signed the Finance Bill of the proposed national budget for the fiscal year 2026-27. He put his signature on the bill at his office in the Jatiya Sangsad (National Parliament) on Thursday (June 11) afternoon.

    Earlier, Finance Minister Amir Khosru Mahmud Chowdhury presented the budget for the fiscal year 2026-27 in the Jatiya Sangsad. Titled ‘Journey towards a Democratic, Humane, and Inclusive Economy,’ the proposed budget’s size has been set at BDT 9 lakh 38 thousand crore.

    Read More:  UN Peacekeepers Day is being observed today

    The budget targets a revenue income of BDT 6 lakh 95 thousand crore, resulting in a deficit of BDT 2 lakh 43 thousand crore between income and expenditure. To cover this deficit, the government plans to raise funds from both domestic and foreign sources.

    According to the proposed budget, BDT 1 lakh 16 thousand crore will be collected from foreign loans and grants, and BDT 1 lakh 27 thousand crore from domestic sources. Within domestic sources, BDT 1 lakh 12 thousand crore is targeted from the banking system, and BDT 15 thousand crore from savings certificates and other instruments.

    Read More:  ECNEC Approves 10 Projects - Bangla Online News Portal

    The country’s Gross Domestic Product (GDP) size has been estimated at BDT 68 lakh 30 thousand 24 crore in the budget. Additionally, the government aims to bring down inflation to 7.5 percent and boost economic growth to 6.5 percent in the upcoming fiscal year.

    In his budget speech, the Finance Minister stated that expatriate income reached $3.75 billion in one month in 2026, marking the highest monthly remittance in the country’s history. To maintain this trend, the government has announced that the 2.5 percent cash incentive for sending remittances through legal channels will be retained.

    Read More:  Case Application Against Dr. Yunus and Five Others Dismissed

    The government hopes that a continued inflow of expatriate income will strengthen foreign exchange reserves and have a positive impact on the country’s economy.

    Facebook Comments Box

    Stay in the Loop

    Get the daily email from CryptoNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

    Latest stories

    - Advertisement - spot_img

    You might also like...