Budget FY27: Govt eyes to collect Tk6.95 lakh crore in revenue

The proposed budget for FY27 has set a target of collecting Tk6.95 lakh crore as revenue income, which is 10.2% of GDP.

"Considering the reforms and initiatives in the revenue sector, total revenue earnings for the FY2026-27 have been estimated at Tk6 lakh 95 thousand crore, which is equivalent to 10.2% of GDP," said Finance Minister Amir Khosru Mahmud Chowdhury while placing the proposed budget for FY27 in the Jatiya Sangsad today.

 "Of this amount, I propose to collect Tk6 lakh 4 thousand crore through the National Board of Revenue (NBR) and Tk91 thousand crore from other sources," he said. 

Meanwhile, the proposed total expenditure for the upcoming FY 2026-27 is estimated at Tk9.38 lakh crore, which represents 13.7% of GDP and is Tk1.48 lakh crore higher than the budget of the previous financial year. "Of this amount, I propose an allocation of Tk3 lakh 16 thousand 75 crore for development expenditure, including Tk3 lakh crore for the Annual Development Programme(ADP), and Tk6 lakh 21 thousand and 925 crore for operating and other expenditures," he said. 

The finance minister said the government has adopted a plan to gradually increase the share of development expenditure in the budget. "In line with that objective, it has been proposed to raise the share of total development expenditure in the fiscal year 2026–27 from 27.27% in the current fiscal year (revised) to 33.70% and to reduce operating expenditure from 72.73% in the current fiscal year to 66.30% in the upcoming fiscal year," the minister said. 

He said the total expenditure includes Tk1 lakh 5 thousand crore for interest payments on domestic debt and Tk 22 thousand 5 hundred crore for interest payments on foreign debt.

In the proposed budget, utmost importance has been given to ensuring social protection for marginalised and low-income groups to achieve the development goals. 

At the same time, in allocating resources for the Annual Development Programme (ADP), priority has been given to human resource development and education, health, science, research, and technology which are vital for building a knowledge-based society.

In addition, special emphasis has been placed on the development of physical infrastructure necessary for investment and sustainable development.

In the proposed budget, a total allocation of Tk2 lakh 79 thousand 1 crore has been proposed for the social infrastructure sector, which accounts for 29.74% of the total allocation.

An allocation of Tk1 lakh 74 thousand and 988 crore has been proposed for the physical infrastructure sector, representing 18.66% of the total budget. For the general services sector, Tk2 lakh 45 thousand and 117crore has been proposed, which is 26.13% of the total allocation.

"The increased and highest allocation for the social sector reflects the government's electoral commitment to giving priority to education, healthcare, and social safety net programmes." added the finance minister.