Finance Minister Amir Khasru Mahmud Chowdhury has started presenting the proposed budget for the fiscal year 2026-27 in the parliament. He presented the country’s 55th national budget and the first budget of the current government at the budget session at 3pm on Thursday.
Earlier in the morning, the budget was approved at a special meeting of the cabinet held under the chairmanship of Prime Minister Tarique Rahman. After the approval, the prime minister and the finance minister joined the parliament session together.
The total size of the proposed budget has been fixed at Rs 9 lakh to 38 thousand crore, which is one of the largest budgets in the history of Bangladesh. The target of collecting revenue of the government in the next fiscal year is Rs 6 lakh to 95 thousand crore, which is about 23 per cent higher than the target of the current fiscal year.
However, the gap between income and expenditure is Rs 2 lakh to Rs 43 thousand crore. To meet this deficit, the government will collect money from foreign loans and grants and internal sources. This includes significant financing from foreign sources, as well as taking money from bank systems and savings certificates.
The government has set a target of achieving 6.5% economic growth in the next fiscal year. At the same time, the budget also outlined a plan to reduce inflation to 7.5 percent.
The finance minister said the main objective of this budget is to ensure comfort for the people of all classes and professions of the country even in the limited resources. The budget has been prepared with priority to improve economic recovery, employment growth, investment expansion and people’s quality of life.
According to the government’s long-term goals, the budget is part of the implementation of the outline of Bangladesh’s one-trillion-dollar economy by 2034.