The Jatiya Sangsad has passed the Tk250,506 crore national budget for the fiscal year of 2014-15.
The JS also adopted the Appropriation Bill-2014, piloted by Finance Minister AMA Muhith seeking budgetary allocations of Tk382,340 crore for meeting its development and non-development expenditures for various ministries.
The bill was passed by voice vote on Sunday. The day's sitting was chaired by Speaker Dr Shirin Sharmin Choudhury, reported BSS.
On Saturday, the JS passed the Finance Bill-2014 with some changes on the tax-duty proposals.
With the adoption of the Finance Bill-2014 on Saturday and the Appropriation Bill-2014 on Sunday, the process of the JS passing the national budget for FY15 is complete.
About 248 cut motions were proposed by opposition and independent lawmakers but they spoke on the cut motions for four demands for grants that were rejected by voice vote.
Ministers in charge of the concerned ministries placed their proposals for expenditures through 56 demands for grants, which were passed by voice vote.
Leader of the House and Prime Minister Sheikh Hasina, Leader of the Opposition in Parliament Begum Rowshan Ershad, Minister AMA Muhith, ministers, 265 treasury, opposition benches and independent members took part in discussion for 63 hours 6 minutes on the budget for FY15 and the supplementary budget for FY14 in 16 working days from June 8.
In the budget for the FY 2014-15, the growth target has been set at 7.3%, which experts believe as attainable through effective measures in implementing the ADP. The new budget has also a target to bring down the inflation to below 7%.
In the budget for FY15, the revenue receipts for FY15 has been estimated at Tk182,954 crore, of which Tk149,720 crore will come from the NBR while Tk5,572 crore from the Non-NBR sources.
In addition, the new budget says, Tk27,662 crore will be collected as Non Tax Revenue (NTR).
The overall budget deficit will be Tk67,552 crore, which is 5% of the GDP. Of this amount, Tk24, 275 crore will be financed from external sources and Tk43,277 crore from domestic sources.
Of the domestic financing, Tk31,221 crore will come from the banking system and Tk12,056 crore from the savings certificates and other non-banking sources.
In the budget for FY15, 25.16% has been allocated to social infrastructure sector, of which 21.58% for human resources development such as education, health, 30.15% for physical infrastructure sector, 23.58% for general services sector, 3.4% for public-private partnership (PPP), 12.39% for interest payment and remaining 5.34% for net lending and other expenditures.
