Sunday, 26 March, 2023

Foreign aid for national budget drops

Says finance minister

Foreign aid for national budget drops

The foreign assistance for the national budget has declined to US$ 2.23 billion in the current fiscal year from US$ 3.26 billion in the last fiscal year (2021-22).

Finance Minister AHM Mustafa Kamal on Tuesday placed this statistics in Parliament while replying to a scripted question from Awami League lawmaker Morshed Alam (Noakhali-2), reports UNB.

In the written answer, the minister said the government received assistance equivalent to some US$ 3.26 billion from different development partners for the budget in the last fiscal year. But there is a possibility to get the assistance equivalent to US$ 2.23 billion in the current fiscal year.

Responding to questions from ruling party MPs Kazim Uddin Ahmed (Mymensingh-11), the Finance Minister said there is currently no plan to increase the interest rate on family savings certificates. But the interest rate on savings certificates may be revised considering the investment situation.

In response to a question from Mamunur Rashid Kiran (Noakhali-3), Mustafa Kamal said the National Board of Revenue (NBR) has been working to accomplish 100 percent of the revenue collection target.

The NBR expects that the target will be fully achieved by the end of the fiscal year, he said.