The Cabinet at a special meeting on Thursday noon approved the proposed national budget for the fiscal year 2022-2023.
Prime Minister Sheikh Hasina presided over the meeting held at the Cabinet room of the Jatiya Sangsad Bhaban.
Finance Minister AHM Mustafa Kamal and other cabinet ministers and state ministers concerned attended the meeting. The meeting started after 12.00pm.
Finance Minister AHM Mustafa Kamal will place the national budget for fiscal 2022-2023 (FY 23) in the Jatiya Sangsad (JS) today afternoon, Thursday (June 09).
He will place a Taka 6,78,064 crore budget for the fiscal 2022-23 at Jatiya Sangsad (JS) with the major challenge of reining inflation amid unfavourable global economic situation.
This will be the country’s 51st budget and the 23rd of the Awami League government in five terms. This will also be the 4th national budget in a row to be placed by Kamal.
According to the Finance Division officials, the next budget for the FY23 aims to attain a GDP growth rate of 7.5 percent based on the positive trend of economic recovery from the pandemic while it also eyes to contain inflation at 5.6 percent.
The next possible budget size of Taka 6,78,064 crore is around 15.3 percent of GDP and also will be Taka 74,383 crore higher than the original budget size of the outgoing fiscal year (FY22) which was Taka 6,03,681 crore. The original budget size of the outgoing fiscal year was around 17.5 percent of GDP.