The government is targeting the total revenue earnings of Taka 4,33,000 crore in the next fiscal year (2022-2023).
Out of the targeted revenue collection, the National Board of Revenue (NBR) will realize Taka 3,70,000 crore and another Taka 63,000 crore will be collected from other sources, Finance Minister AHM Mustafa Kamal said while placing the proposed national budget for FY23 at Jatiya Sangsad today.
In contrast, the total size of the expenditure budget has been estimated at Taka 678,064 crore, which is 15.2 per cent of GDP.
A total of Taka 431,998 crore for operating and other expenditures while Taka 2,46,066 crore for the Annual Development Programme has been proposed.
To meet the deficit between income and expenditure, the overall budget deficit for the proposed budget will be Taka 2,45,064 crore which is 5.5 per cent of GDP.
The budget deficit in the last budget was 6.2 per cent of GDP. The deficit will be financed from domestic and external sources.
In the proposed budget, the allocation for the social infrastructure is Taka 1,83,425 crore which is 27.05 per cent of the total allocation; out of this, the allocation for the human resources sector (education, health and other related sectors) is Taka 1,67,524 crore.
An allocation of Taka 2,00,860 crore for the physical infrastructure sector has been proposed which is 29.62 per cent of the total allocation.
Out of this Taka 86,798 crore will go to the overall agriculture and rural development sub-sector, Taka 79,026 crore will go to the communication infrastructure sub-sector, and Taka 26,065 crore allocation has been proposed for the power and energy sub-sector.
An allocation of Taka 153,208 crore has been proposed for general service sectors which is 22.59 per cent of the total allocation. A total of Taka
53,155 crore has been proposed for public-private partnership (PPP), financial assistance to different industries, subsidies, and equity investments in state-owned, commercial and financial institutions, which is 7.84 per cent of the total allocation.
Besides, an allocation of Taka 80,375 crore has been allocated for the payments of interest; which is 11.85 per cent of the total allocation. For net lending and other expenses, Taka 7,041 crore has been proposed which is 1.04 per cent of the total allocation.
