Finance Minister Starts Unveiling National Budget

Finance Minister AHM Mustafa Kamal has started unveiling the national budget for the financial year 2022-2023 with a special focus on economic recovery from uncertainties caused by the Covid-19 pandemic and the Russia-Ukraine war.

The finance minister began rolling out the Tk 6.80 trillion (Tk 6.80 lakh crore) at the Jatiya Sangsad at 3:00 pm on Thursday.

This is the fourth time Mustafa Kamal is presenting the national budget.

This is the country’s 51st budget and the 23rd of the Awami League government in five terms. 

The budget will see special measures of tax exemptions on agriculture, food processing, and small sector development.

Tajuddin Ahmed presented the first budget as the first finance minister of the post-independence Bangabandhu government in 1972.

In the upcoming budget, the target of GDP growth is set at 7.5% and inflation will be pegged at 5.5%.

The Cabinet at a special meeting on Thursday approved the proposed national budget.

Prime Minister Sheikh Hasina presided over the meeting held in the cabinet room of the Jatiya Sangsad Bhaban.