Cabinet approves Muhith's budget for 2016-17
Staff Correspondent, bdnews24.com
Published: 02 Jun 2016 03:51 PM BdST Updated: 02 Jun 2016 03:51 PM BdST
The Cabinet has approved the Tk 3.41 trillion national budget for 2016-17 financial year.
Finance Minister AMA Muhith placed the budget for the Cabinet's approval on Thursday.
The cabinet cleared it in a meeting chaired by Prime Minister Sheikh Hasina at the Parliament after which, President Md Abdul Hamid signed it at his office in the House.
With a massive revenue target of Tk 2.5 trillion, the finance minister is vying to surpass past records.
Muhith has maximised the revenue and expenditure targets in his proposed budget to work towards a Tk 5 trillion budget in 2018-19.
He has had to scale down the National Board of Revenue’s goal by Tk 260 billion but that has not discouraged him from fixing a modest target in the budget he proposes.
Instead, like in the current one, the budget is about to unveil a massive expenditure plan based on highly optimistic projections of revenue collections.
Muhith has said his current budget is with an eye on future, especially because he plans social security for all by 2021.
-
Nakano brings contempt of court charges against Imran
-
13-year-old among two gang-raped in Khulna
-
Man killed for protesting auto-rickshaw driver’s beating
-
Two arrested for selling illegal network equipment
-
India yet to contact us on PK Halder: home minister
-
Prayers for world peace on Buddha Purnima
-
US police say she committed suicide. Her family disagrees
-
Jashore teen chained up over 'Free Fire' addiction
-
Nakano brings contempt of court charges against Imran for taking children out, disobeying SC order
-
13-year-old among two gang-raped in Khulna
-
Jamalpur passenger killed for protesting beating of auto-rickshaw driver
-
Hasina congratulates new UAE President Sheikh Mohammed bin Zayed
-
Food storage officer's body found with suicide note in Madaripur
-
Fugitive chops off policeman’s hand in Chattogram
Most Read
- US police say college student Zinat’s death was a suicide. Her family disagrees
- Exhausted, weak wild elephant prefers to stay close to humans
- U-turns are meant to de-clog Dhaka roads. Many believe they are doing the opposite
- Students from two colleges in Dhaka clash, disrupting traffic
- Growing evidence of military disaster on the Donets River pierces pro-Russian bubble
- Wanted over scams in Bangladesh, PK Halder and associates face grilling after arrest in India
- The extraordinary rise of PK Halder and the spectacular fall of firms he controlled
- 10 people killed and 3 wounded in shooting at Buffalo grocery store
- BJP leader slapped on camera over comments against veteran politician Sharad Pawar
- TCB postpones sales of goods at subsidised prices for poor