Cabinet approves Tk 468,000cr national budget

FT ONLINE

The Cabinet approved the national budget of around Tk 468,000 crore for the fiscal year 2018-19 on Thursday afternoon.

Prime Minister Sheikh Hasina presided over the special meeting of the Cabinet held at the parliament complex, Parliament Secretariat sources said.

Finance Minister AMA Muhith is set to place the national budget for the 2018-19 fiscal in Parliament with all the indicators pointing to another expansionary budget in keeping with the AL government's previous budgets.

The last budget of the AL-led coalition's second successive term in power will also be the 12th budget for Muhith personally, who before AL delivered two budgets under HM Ershad in the 1980s.

The revenue collection target for the coming fiscal year is likely to be fixed at Tk 340,775 crore.

The annual development programme (ADP) for the coming fiscal is likely to be Tk 178,000 crore.