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Budget FY21: Govt targets Tk378,000 crore in revenues

  • Published at 08:23 pm June 11th, 2020
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NBR set to chase a target of Tk330,000 crore

The revenue collection target for the next fiscal year has been set Tk378,000 crore. 

Of the amount, the NBR has been tasked to realize a revenue collection target of Tk330,000 crore, the non-NBR revenue collection target is Tk15,000 crore while the non-tax revenue collection target is Tk33,000 crore. 

Besides, Tk4,013 crore will come from foreign grants.

On Thursday, Finance Minister AHM Mustafa Kamal presented the Tk568,000 crore national budget -- 17.9% of GDP -- for 2020-21 fiscal with an ambitious target of 8.2 percent GDP growth. 

Describing the budget as "economic transition and pathway to progress", the finance minister said the total allocation for operating and other expenditures has been projected at Tk 362,855 crore and the allocation for the annual development program (ADP) has been estimated at Tk 205,145 crore.

Health, agriculture, and employment creation have been given priority while allocating resources for the ADP, said the finance minister.