Muhith to place biggest budget ever at House

Finance Minister AMA Muhith will place the budget for fiscal year 2017-18, the biggest budget yet, at the parliament with a projected growth target beyond 7 percent.

The budget, presumably over Tk 4,00,000 crore  and around 26 percent bigger than his previous, will be the veteran finance minister’s 11th at the House.

This time around, the key factor would be the financing of this budget with the remittance inflow – a major revenue source of Bangladesh – sliding throughout the past year.

The decline in remittance flow from the six Gulf Cooperation countries, the largest labour market for Bangladesh, mainly accounts for the slump.

A full house is likely to be present, along with leader of the parliament and Prime Minister Sheikh Hasina, when Muhith starts to place the national budget.

Source: thedailystar