With an ambitious growth target of 7.4 percent, Finance Minister AMA Muhith’s mega budget for 2017-18 fiscal has a deficit of Tk 1,12,275 crore which is 5 percent of the GDP.

The cabinet approves the national budget for fiscal 2017-18. It was approved around 12:15pm with Prime Minister Sheikh Hasina chairing the special meeting held at the parliament complex.

Finance minister places his 11th budget at the parliament with a key focus on VAT. Amounting to over a staggering Tk 4 trillion, the growth has been projected to be 7.4 percent under steady inflation rate. The major attention has been attached to power, education and ICT sectors.