Prime Minister Sheikh Hasina came to rescue in presenting the national budget in Parliament for the 2019-20 fiscal year as Finance Minister AHM Mustafa Kamal fell sick during his budget speech.
The finance minister started presenting the national budget in the House around 3:07pm on Thursday. However, he was having physical difficutly.
Mustafa Kamal came to parliament direct from hospital to present the budget speech. At one stage of delivery, he sought permission to sit down and present the speech.
At that stage, the prime minister extended her assistance to the minister saying that she wanted to read the rest of the budget and the speaker allowed her.
The prime minister read out a large portion of the budget speech and then requested the speaker to consider the remaining budget to deem read.
This is the first budget of the Awami League government of its third successive term and also the first one for Mustafa Kamal as the Finance Minister.
Earlier, President Abdul Hamid authenticated the national budget and the revised budget for placing before the Jatiya Sangsad.
A 15-minute documentary highlighting various economic developments of the government was shown through a multimedia presentation before the beginning of the budget speech.
The size of the total expenditure for next fiscal year has been estimated at Tk523,190 crore, which is 18.1% of the GDP (gross domestic product).
Total allocation for operating and other expenditures is Tk320,469 crore, and allocation for the annual development program is Tk202,721 crore, as per Finance Minister AHM Mustafa Kamal’s budget speech read out in parliament on Thursday.
The overall budget deficit will be Tk145,380 crore or 5% of the GDP — the same ratio the government had set for the outgoing fiscal year (FY2018-19).
In financing the deficit, Tk68,016 crore will come from external sources and Tk77,363 crore from domestic sources.
Amongst the financing from domestic sources, Tk47,364 crore will come from the banking system and Tk30,000 crore from savings certificates and other non-bank sources.