Total expenditure in proposed budget estimated at 3,40,605 crore

The total expenditure for fiscal year 2016-17 has been estimated at Taka 3,40,605 crore, which is17.4 per cent of GDP.

Finance Minister Abul Maal Abdul Muhith presented the estimated expenditure in the budget speech in the Jatiya Sangsad.

Of the total amount, Tk. 2,23,578 crore has been allocated for non-development and other expenditure, which is 11.4 per cent of GDP. 

The annual development programme (ADP) size has been fixed at Tk. 1,10,700 crore (5.6 per cent of GDP). 

Including ECA loan of Tk. 3,000 crore of power sector, the cost of self financed projects of autonomous bodies will stand at Tk. 12,646 crore. After taking this amount into account, total size of ADP will be Tk. 1,23,346 crore, which is 6.3 percent of GDP. 

Referring to the overall expenditure framework of the proposed budget, the finance minister said different ministries and divisions have been categorized into three main groups based on their allocation of businesses. 

These are social infrastructure, physical infrastructure and general services sectors, he added. 

He said, in the proposed budget, 28.3 per cent of the total outlay has been allocated to social infrastructure sector, of which 25.2 per cent has been proposed for the human resource sub-sector (education, health and other related sectors) while 29.7 per cent of the total allocation has been proposed for the physical infrastructure sector, of which 13.6 per cent will go to the overall agriculture and rural development.

Besides, 10.2 percent will go to overall communication and 4.4 percent to power and energy sector, 24.5 per cent to the general services sector. 

Besides, 2.2 per cent will go to public-private partnership (PPP), financial assistance for various industries, subsidies and equity investment in state-owned banks, and financial institutions.

Another 11.7 per cent has been proposed for interest repayment and the rest 3.5 per cent for net lending and miscellaneous expenditure.

Source: BSS.