Reserves will be 48.37 billion dollars in new fiscal year

According to the projection in the fiscal year 2021-22, the country’s foreign reserves will be 48.37 billion US dollars. This information was given by Finance Minister AHM Mustafa Kamal while presenting the proposed budget in the Parliament on Thursday (June 3) afternoon.

According to the projection for the new fiscal year, the foreign exchange reserves will be 48.37 billion at the end of the 2021-22 fiscal year and 44 billion dollars at the end of the current fiscal year, according to the revised estimates. At the time of the announcement of the budget for the current financial year, the reserve was set at 44.20 billion dollars.

In the new financial year, the size of the proposed budget titled ‘Priority of Life and Livelihood, Bangladesh for the Future’ has been fixed at Tk 6 lakh 3 thousand 681 crore. This is going to be the biggest deficit in the history of the country in the 50th budget. The budget deficit, including grants, stands at Tk 2,11,191 crore, which is 6.1 percent of GDP. Excluding grants, the deficit stands at Tk 2,14,681 crore.

Sunbd/NJ