2021 National budget of Bangladesh

Last updated
2021 (2021) National Budget of Bangladesh
National emblem of Bangladesh.svg
Submitted3 June 2021
Submitted by Mustafa Kamal
(Minister of Finance)
Submitted to Jatiya Sangsad
Presented3 June 2021
Passed30 June 2021
Parliament 11th (Jatiya Sangsad)
Party Bangladesh Awami League
Finance minister Mustafa Kamal
Total revenue392490 crore (US$33 billion) Increase2.svg(10.65%)
Total expenditures603681 crore (US$51 billion) Increase2.svg(6.28%)
Tax cuts Numerous
Deficit 6.2%
Website mof.gov.bd
  2020
2022

The 2021 National budget of Bangladesh was presented by the Minister of Finance Mustafa Kamal on 3 June 2021. The National budget is for the fiscal year beginning on 1 July 2021, and ending on 30 June 2022. The budget was the second to be presented amid the Coronavirus pandemic. [1]

Contents

History

The National Budget is the annual financial statement of Bangladesh; an estimate of income and expenditure of the government on a periodical basis. Under Article 87.(1) of the Constitution of Bangladesh, it is a compulsory task of the government. [2] Upon achieving independence, the first budget of Bangladesh was presented by Tajuddin Ahmad. [3]

Significant announcements

Controversy

After allocating 15054.03 crore (US$1.3 billion) to the Ministry of Religious Affairs under the ADP for the next fiscal budget, on 29 May 2021, the Bangladesh Hindu Buddhist Christian Unity Council expressed discontent and issued a press statement terming the allocation as "a continuation of sharp discrimination against minorities" over the allocation of 290.08 crore (US$25 million) for religious minorities under the Annual Development Programme (ADP) of the proposed budget in the upcoming fiscal year. 200 crore (US$17 million) was first allocated in 2017. The organisation demanded an allocation of 5000 crore (US$430 million) to eradicate the discrimination minority communities have been facing over the years. They also demanded a separate ministry for religious minorities similar to India and Pakistan. [11]

On 19 June 2021, Bangladesh Jatiya Hindu Mahajote's secretary-general Gobinda Chandra Pramanik, at Dhaka Reporters Unity, demanded the construction of at least one model temple in each of the upazilas across the country, a separate election system for the Hindu community, keeping 60 reserved seats for Hindus, the formation of a ministry for minority communities, appointing a cabinet minister from the minority community, and allowing a one-day government holiday to observe Rathajatra. [12]

Related Research Articles

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References

  1. "Budget FY22: All stories". Dhaka Tribune. June 3, 2021.
  2. "Article 89 of the Constitution of Bangladesh".
  3. "Chronology of national budget". The Financial Express. 12 June 2019.
  4. "Kamal presents Tk603,681 crore Bangladesh budget for 2021-22 fiscal year". Dhaka Tribune. June 3, 2021.
  5. "Kamal presents Tk603,681 crore Bangladesh budget for 2021-22 fiscal year". Dhaka Tribune. June 3, 2021.
  6. "Experts for proper planning as education budget up". Dhaka Tribune. June 3, 2021.
  7. "Budget FY22: Health allocation lacks vision, experts say". Dhaka Tribune. June 3, 2021.
  8. "Budget FY22: Defence allocation up 8%". Dhaka Tribune. June 3, 2021.
  9. "Budget FY22: Around Tk25,125cr budget proposed to tackle climate change". Dhaka Tribune.
  10. "Model mosques to help spread essence of Islam". The Daily Star.
  11. "Model mosques to help spread essence of Islam". The Daily Star.
  12. "Bangladesh Hindus want model temples in upazilas". New Age.

Further reading