Finance Minister AHM Mustafa Kamal has said that the World Bank is not consistent in its prediction about the economy of Bangladesh.

The Fisheries and Livestock Ministry has taken different measures to produce six lakh metric tonnes of fish in the current fiscal year of 2020-21.

The government has taken a huge development programme in the new fiscal to upgrade the railway communication of the country considering the public-friendly role of railways as a cheap and safe mode of communication across the country.

Steel manufacturers expressed frustration over the proposed budget for the fiscal year 2020-21 saying that most of their proposals were ignored which they thought would not help overcome their crisis created after the coronavirus outbreak.

The overall budget deficit will be Tk. 190,000 crore in the fiscal year 2020-21, which is 6.0 percent of GDP. Finance Minister AHM Mustafa Kamal disclosed this while placing the national budget in parliament on Thursday. He mentioned that deficit stood at 5.0 percent in the last fiscal year. He said that in FY 2020-21, the size of the total expenditure has been estimated at Tk. 5,68,000 crore, which is 17.9 percent of GDP. Total allocation for operating and other expenditures is estimated at Tk. 3,62,855 crore, while the allocation for the annual development program (ADP) is Tk. 2,05,145 crore. Out of the total deficit in 2020-21, Tk. 80,017 crore will be financed from external sources, while Tk. 1,09,983 crore from domestic sources of which Tk. 84,983 crore will come from the banking system and Tk. 25,000 crore from savings certificates and other non-bank sources.

The government has to spend Tk. 63,801 crore in interest payments, which is 11.23 percent of total national budget allocation for fiscal year 2020-21.