In each case, the establishment of good governance has been identified as the priority of the upcoming budget. In addition to reducing discrimination in the society, the beneficiaries of the social security programs to provide relief to low -income people under pressure from inflation and in some cases are in the budget of the new fiscal year. At the same time, priority is being given to agriculture, health, education and technology sectors. In this case, the establishment of administration and society and the formation of equivalent countries by eliminating discrimination in food, housing, economy, health, education and social fields. The second priority will be to increase various reform activities, inflation control and employment-investment. The Ministry of Finance said the information.
The size of the budget can be Tk 1 lakh 5 thousand crore
According to the concerned, the government is going to determine the size of the new budget, which is waiting to be prepared for the next fiscal year, reduce the size of Tk 1 lakh crore compared to the budget of the current fiscal year. In the new fiscal year budget deficit may be Tk 2 lakh 25 thousand crore. In the current budget, which was Tk 2 lakh 5 thousand crore. More than half of the deficit that is being caught for the next fiscal year is planning to borrow from foreign sources and the rest from banks and savings.
The new budget size is being reduced but the allocation for the management or the underwent sector is being increased, a source said. The cost of this sector may be estimated at Tk 1 lakh 5 thousand crore in the new fiscal year. In the current fiscal year, the allocation in this sector is Tk 1 lakh 5 thousand 5 crore.
The goal is to reduce inflation to 5 percent
Although there is currently high inflation in the country, the government wants to reduce it to 5 percent by the budget target. For this, it has also been indicated that some policy decisions may be made in the budget. And the target of GDP growth rate may be 5.7 percent. In the current fiscal year, the target was estimated at 9.5 percent, but last month it was amended and reduced to 5.25 percent. Although the World Bank, IMF and ADB estimates, this rate will not be able to achieve 5 percent.
The budget size of the current fiscal year is Tk 1 lakh 5 thousand crore. For the next fiscal year, the government can determine inflation for 5.7 percent. The current fiscal year was the same rate of inflation. In the new budget, the gross domestic product (GDP) growth is estimated to be 5.7 percent. In the current financial year, GDP growth is estimated at 5 percent. Basically, the next budget is likely to set the target of GDP at Tk 1 lakh 5 thousand crore. The budget deficit in the new budget may be 5.72 percent. On June 2, the finance adviser said. Salehuddin Ahmed can present a new budget for the next fiscal year 2021-27. Since there is no parliament, the budget proposal will not be made in Parliament this time. Finance Advisor will announce the new fiscal year budget on television.
Planning to earn Tk 1 lakh crore through NBR
Sources in the finance ministry said that the government's income through the National Board of Revenue (NBR) may be Tk 1 lakh crore. The rest of the money will have to be collected from banking systems, savings and foreign sources, including foreign sources. In the current fiscal year 2021-27, the NBR has a target of collecting Tk 1 lakh crore crore. Although the NBR wants to collect the revenue of Tk 1 lakh crore, the International Monetary Fund (IMF) has been pressured to set the target of collecting Tk 1 lakh crore as part of their reform program. In the current fiscal year, ADP (Annual Development Program) is Tk 2 lakh 5 thousand crore, but the allocation for ADP in the next budget is reduced to Tk 2 lakh crore.
Priority
A number of instructions have been given for the annual development program (ADP) for the next fiscal year 2021-27. It said that the allocation of money on agriculture, agro -based industries, education, health, power generation, natural disasters and rehabilitation rehabilitation projects will be given. At the same time, green and climate projects will be of special importance. At the same time, the new budget is gaining priority in agriculture, health, education and technology sectors. There will also be a plan to reduce discrimination in society and implement it. The new budget is under the pressure of inflation under social security programs, the initiative to increase the number of beneficiaries and in some cases in the social security programs, especially the social security programs.
According to a source in the finance ministry, the government's new fiscal year's ADP implementation plan is being implemented in the upcoming budget and the demand for allocation to ADP should be proposed in these projects. Besides, priority for these projects should be taken into account by accelerating poverty, increasing employment, accelerating GDP growth. In addition, the ADP is covered in all such projects directly related to human resource development. However, the demand for allocation for these projects will have to be proposed to the concerned ministry. In addition to the project-based demand proposal, the allocation of the ADP in the fiscal year 2021-27 should be included in the allocation of the next fiscal year. Initially, multi -year public investment programs of these sectors and departments of the six ministries and departments under the health sector will be Teri in the industry and economic services, agriculture, electricity and energy, transport and communication, local government and rural development, environment, climate change and water resources. For this reason, some of the government's policy should be taken into consideration.
'The government does not have the desire to raise the budget'
According to an official of the finance ministry, who is reluctant to be named in the context of the budget, the government's income condition is not good. But there is pressure on expenditure. This is why the government does not intend to raise the next budget in the existing reality of the economy. In order to keep the government inflation at a tolerable level, many tariffs have to be discounted in the current fiscal year. The government has to impose VAT on hundreds of new products to meet the deficit caused by the tariff discount. It is certain that the government will be able to spend the next fiscal budget.
Ministry sources said that after the independence, the size of the new budget is being smaller than the first year. Basically, the size of the inflation is to reduce the government spending and reduce the size of the budget 'implementing' by coordinating with compressed monetary policy. The budget is planned before the next Eid -ul -Azha holidays begin. Because of this, a policy decision to announce the budget was made on Monday (June 2). The budget was usually given on Thursday in the previous fiscal years. After the announcement of the budget, the Finance Advisor will attend the next press conference as per the previous custom.
Asked about this, the former chief economist of the World Bank Dhaka office said. Zahid Hossain said that there should be a achievable, real agreed budget. In the current context, the size of the budget should be smaller. Which is eligible to implement.
Money adviser about the upcoming budget. Salehuddin Ahmed said the budget for the next fiscal year 2021-27 will be in a realistic and implementable budget. This budget will have a roadmap to reduce discrimination in the existing society. The establishment of good governance in every field of society has been identified as the priority of the upcoming budget. In addition to reducing discrimination in the society, beneficiaries in the social security program to provide relief to low -income people under pressure from inflation and in some cases there are initiatives to increase the amount of allowance in the new fiscal year. At the same time, priority is being given to agriculture, health, education and technology sectors.
