A substantial portion of the proposed 6.2 percent of GDP budget deficit in the next fiscal will be met from the local sources, where a total of Tk 37,001crore will be taken out from the savings certificates and other non-bank sources.
Finance Minister AHM Mustafa Kamal placed this outline while unveiling the national budget in parliament on Thursday giving a total estimated expenditure of Tk. 6,03,681 crore, which is 17.5 percent of GDP.
He said the overall budget deficit for FY2021-2022 will be Tk 2,14,681 crore, which is 6.2 percent of GDP, up slightly from the last budget's 6.1 percent.
“Out of the total deficit, Tk. 1,01,228crore will be financed from external sources, while Tk 1,13,453 crore from domestic sources of which Tk. 76,452 crore , or two-thirds will come from the banking system, and the remaining third, Tk 37,001crore, from savings certificates and other non-bank sources.
He mentioned that the government has set the target for total revenue income in the fiscal year 2021-2022 at Tk 3,89,000 crore, which is 11.3 percent of GDP.
“Out of this, Tk 3,30,000crore will be collected through the NBR sources while revenue from non-NBR sources has been estimated at Tk 16,000 crore and the non-tax revenue is estimated to be Tk 43,000 crore”.