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The new budget for the FY 2023-24 has been titled “Building a Smart Bangladesh and continuing the Development Spree”. The Finance Minister of Bangladesh, A H M Mustafa Kamal MP had presented the budget on 1st June 2023. The country is expected to experience increased per capita income to USD 2,962 in the upcoming fiscal year. The GDP growth rate is expected to be 7.5% and the GDP size is estimated to be USD 4,635 billion. The budget size of the fiscal year 2023-24 has been given at USD 70.50 billion, with a revenue target of USD 46.30 billion and deficit of USD 23.90 billion. The budget is 5.2% of the GDP which is slightly higher than the budget of prior fiscal year 2022-23. The Annual Development Programs (ADP) is 34.50% of the budget at USD 24.40 billion, which is 15.60% higher than the previous revised budget.
Attachment : National Budget Analysis 2023-24 by TSL.pdf
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