The government has to spend Tk. 63,801 crore in interest payments, which is 11.23 percent of total national budget allocation for fiscal year 2020-21.
Finance Minister AHM Mustafa Kamal disclosed the figure while placing the national budget in the Jatiya Sangsad on Thursday.
He mentioned that in FY 2020-21, the size of the total expenditure has been estimated at Tk. 5,68,000 crore, which is 17.9 percent of GDP.
Total allocation for operating and other expenditures is estimated at Tk. 3,62,855 crore, while the allocation for the annual development program (ADP) is Tk. 2,05,145 crore.
The Finance Minister also mentioned that Tk. 4,777 crore has to be paid for net lending and other expenses, which is 0.84 percent of the total allocation.
He said allocation proposed for the social infrastructure programmes in the proposed budget is Tk. 1,55,536 crore, which is 27.38 percent of total allocation, in which allocation for human resource sector (education, health and other related sectors) will be Tk. 1,40,222 crore.
“Allocation proposed for the physical infrastructure sector will be Tk. 1,67,011 crore or 29.40 percent, in which Tk. 69,553 crore will go to overall agricultural and rural development, Tk. 61,435 crore to overall communications, and Tk. 26,758 crore to power and energy.”
A total Tk. 1,40,265 crore has been proposed for general services, which is 24.69 percent of the total allocation, he said.
He said Tk. 36,610 crore is proposed for public-private partnerships (PPP), financial assistance to different industries, subsidies and equity investments in nationalized corporations, banks, and financial institutions, which is 6.45 percent of the total allocation.UNB
