The highlights of the proposed budget
for fiscal year 2024-25 are as follows–
Total proposed budget– Taka 7,97,000 crore which is 14.2 percent of the GDP
GDP growth target– 6.75 percent
Revenue target– Taka 5.41 lakh crore
Out of this, Taka 4.80 lakh crore to be collected through National Board of
Revenue (NBR) and Taka 61 thousand crore from other sources
Budget deficit– Taka 2.56 lakh crore (4.6 percent of GDP)
Out of the total deficit, Taka 1,60,900 crore are proposed to be financed
from domestic sources and Taka 195,100 crore from external sources
The average inflation is 6.5pc in 2023-24 fiscal year (FY)
This is the first budget of incumbent Finance Minister Abul Hassan Mahmood
Ali
Tax-free income limit: Taka 3.5 lakh for individual taxpayers
Corporate tax rates 25 percent
Priority has been given on education, health, agriculture, local government
and rural development, power, communication, and Science and Technology
sectors
The aim of the budget is building a smart, prosperous an
d happy Bangladesh.
Source: Bangladesh Sangbad Sangstha