Budget sees Tk67,552 crore deficit

The volume of the annual budget proposal is Tk250,506 crore for the next fiscal. The revenue receipts for the next fiscal has been estimated at Tk1,82, 954 crore.

The overall budget deficit in fiscal 2014-15 will be Tk67,552 crore, which is 5% of GDP.

Of this amount, Tk24,275 crore will be financed from external sources and Tk43,277 crore from domestic sources.

Finance Minister AMA Muhith is placing annual budget proposal for 2014-15 fiscal year on Thursday afternoon.

The national budget for fiscal 2014-15 is being placed in parliament with an ambitious economic growth target of 7.3% through a substantial rise in government spending.