The government has increased the revenue target by Taka 24,000 crore in the revised budget for the current fiscal year (2025–26). At the same time, the budget has set the inflation target at 7 per cent and the GDP growth rate at 5 per cent.
The revised budget was approved by the Council of Advisers on Wednesday at its weekly meeting at the Chief Adviser’s Office (CAO) here with Chief Adviser Professor Muhammad Yunus in the chair. The revised budget for the ongoing fiscal year 2025–26 will come into effect from February 1.
Later, Chief Adviser’s Press Secretary Shafiqul Alam briefed the media about the meeting at the Foreign Service Academy here on Wednesday afternoon.
Highlighting the revenue situation, Shafiqul Alam said the pace of revenue collection has increased in the current fiscal year.
During July–October of FY 2024–25, revenue growth was 24.1 per cent, which rose to 26.4 per cent in the same period of the current fiscal year, he said, adding, in this context, the total revenue target for the current fiscal year has been revised upward by Taka 24,000 crore from Taka 564,000 crore to Taka 588,000 crore.
Of the amount, Taka 503,000 crore will come from the National Board of Revenue (NBR), Taka 65,000 crore will come as non-tax revenue, and Taka 20,000 crore from non-NBR sources, the press secretary said.
About inflation, he said, food inflation had reached nearly 14 per cent in the end of the last year, but it has now come down to around 7 per cent.
“With increased vegetable production and supply during the winter season, we hope the inflation will decline further,” Shafiqul Alam said, adding, by the end of the current fiscal year, overall inflation is expected to fall to 7 per cent and GDP growth to stand at 5 per cent.
Total government expenditure in the revised budget has been set at Taka 788,000 crore, he said, adding that in the original budget, the expenditure target was Taka 790,000 crore, which has been reduced by Taka 2,000 crore in the revised budget.
The size of the Annual Development Programme (ADP) in the revised budget has been fixed at Taka 200,000 crore, equivalent to 3.3 per cent of GDP, Shafiqul Alam said, adding, in the original budget, the ADP size was Taka 230,000 crore, or 3.7 per cent of GDP, meaning development expenditure has been reduced by Taka 30,000 crore.
In the revised ADP, foreign financing has been set at Taka 72,000 crore and domestic financing at Taka 128,000 crore, he said, adding that other budgetary expenditures, including operating costs, amount to Taka 588,000 crore.
The total budget deficit in the revised budget has been fixed at Taka 200,000 crore, which is 3.3 per cent of GDP, Shafiqul Alam said.
Of this deficit, Taka 63,000 crore will be collected from foreign sources, while Taka 137,000 crore will be financed from domestic sources, he added.
