শেয়ারবাজার :::: অস্বাভাবিকভাবে দর বৃদ্ধির জন্য ঢাকা স্টক এক্সচেঞ্জের (ডিএসই) পাঠানো কারণ দর্শানোর নোটিশের জবাবে প্রতিষ্ঠান,ব্যাংকিং খাতের আল আরাফা ইসলামী ব্যাংক জানিয়েছে এ ব্যাপারে তাদের কাছে কোনও মূল্য সংবেদনশীল তথ্য নেই।
ডিএসইর ওয়েবসাইটে মঙ্গলবার এ তথ্য প্রকাশ করা হয়েছে।
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The Ministry of Finance is set to propose a deficit of Tk 450 billion in the next budget, which might see higher inflation and more joblessness.
Sources in the Finance Ministry say inflation has been estimated at 7.5 percent with a targeted gross domestic product (GDP) growth of 7 percent for financial year 2011-12.
The estimated budget deficit will be 5 percent of the country’s GDP which is likely to be projected at Tk 9016.43 billion. The GDP for the current fiscal year is shown at Tk 7874.95 billion.
Like the outgoing fiscal year, the budget deficit will be met mostly from domestic resources, especially bank borrowing, Finance Ministry officials said. The deficit this year is Tk 390 billion.
Some Tk 210 billion of the deficit in the total size of the budget at Tk 1635.00 billion will come from external sources, the officials added. The estimated size of the next year’s budget shows a 22 percent increase on the current budgetary outlay.
"The huge deficit may instigate inflation while the borrowing from the banking system may deprive the private sector of required loans for investment and job creation," an expert said when his attention was drawn to the possible higher budget deficit.
Currently, the unemployment rate is 32 percent. Also, the rural food inflation rose to 15 percent in April, according to Bangladesh Bureaus of Statistics.
According to the Finance Ministry sources, non-development expenditures in the next fiscal year may stand at around Tk 1100.00 billion, more than 20 percent up from the outgoing fiscal year’s expenditures.
The officials said major pressure will also come from subsidy in energy, fertiliser and food. Together the figure will stand at Tk 250 billion.
"The government, in a bid to give the people relief from power crisis, has taken an initiative to set up rental power plants quickly and that is one of key reasons of rising energy subsidy," an official said.
The government is going to fix a target of raising revenue earning by 27 percent to deal with the pressure of making adjustment with the additional costs.
The revenue earning target has been set at Tk 1184.19 billion and the lion’s portion of it will come from the tax collected by National Board of Revenue (NBR) in the forms of income tax and value added tax (VAT).
Former finance adviser to the previous interim government Dr AB Mirza Azizul Islam said a big budget and huge budget deficit would create increasing pressure on the local inflation.
"Big budget will not help enhance the GDP growth due to problems in implementing development projects," he said, adding that more funds would be diverted from the banking channels to meeting the deficit.
Despite the low implementation, the government has taken another big annual development programme of Tk 460 billion for the next fiscal year, Mirza Aziz pointed out.
The government has slashed down the size of the annual development programme of the outgoing fiscal year by Tk 45 billion to Tk 358.30 billion.
ডিএসইর ওয়েবসাইটে মঙ্গলবার এ তথ্য প্রকাশ করা হয়েছে।
================
The Ministry of Finance is set to propose a deficit of Tk 450 billion in the next budget, which might see higher inflation and more joblessness.
Sources in the Finance Ministry say inflation has been estimated at 7.5 percent with a targeted gross domestic product (GDP) growth of 7 percent for financial year 2011-12.
The estimated budget deficit will be 5 percent of the country’s GDP which is likely to be projected at Tk 9016.43 billion. The GDP for the current fiscal year is shown at Tk 7874.95 billion.
Like the outgoing fiscal year, the budget deficit will be met mostly from domestic resources, especially bank borrowing, Finance Ministry officials said. The deficit this year is Tk 390 billion.
Some Tk 210 billion of the deficit in the total size of the budget at Tk 1635.00 billion will come from external sources, the officials added. The estimated size of the next year’s budget shows a 22 percent increase on the current budgetary outlay.
"The huge deficit may instigate inflation while the borrowing from the banking system may deprive the private sector of required loans for investment and job creation," an expert said when his attention was drawn to the possible higher budget deficit.
Currently, the unemployment rate is 32 percent. Also, the rural food inflation rose to 15 percent in April, according to Bangladesh Bureaus of Statistics.
According to the Finance Ministry sources, non-development expenditures in the next fiscal year may stand at around Tk 1100.00 billion, more than 20 percent up from the outgoing fiscal year’s expenditures.
The officials said major pressure will also come from subsidy in energy, fertiliser and food. Together the figure will stand at Tk 250 billion.
"The government, in a bid to give the people relief from power crisis, has taken an initiative to set up rental power plants quickly and that is one of key reasons of rising energy subsidy," an official said.
The government is going to fix a target of raising revenue earning by 27 percent to deal with the pressure of making adjustment with the additional costs.
The revenue earning target has been set at Tk 1184.19 billion and the lion’s portion of it will come from the tax collected by National Board of Revenue (NBR) in the forms of income tax and value added tax (VAT).
Former finance adviser to the previous interim government Dr AB Mirza Azizul Islam said a big budget and huge budget deficit would create increasing pressure on the local inflation.
"Big budget will not help enhance the GDP growth due to problems in implementing development projects," he said, adding that more funds would be diverted from the banking channels to meeting the deficit.
Despite the low implementation, the government has taken another big annual development programme of Tk 460 billion for the next fiscal year, Mirza Aziz pointed out.
The government has slashed down the size of the annual development programme of the outgoing fiscal year by Tk 45 billion to Tk 358.30 billion.