2014-15 budget passed

The Jatiya Sangsad today passed the Tk 250,506 crore national budget for the 2014-15 fiscal year keeping the scope for whitening black money.

The budget is the first fiscal plan of the Awami League- led grand alliance government that assumed in power through January 5 one-sided elections, reports the Daily Star.

The budget was proposed at the parliament by Finance Minister AMA Muhith on June 5.

sangsad bhabanThe House also adopted the Appropriation Bill-2014, piloted by the finance minister.

The bill was passed by voice vote today.

Yesterday, the JS passed the Finance Bill-2014 with some changes on the tax-duty proposals.

With the adoption of the Finance Bill-2014 and Appropriation Bill-2014, the process of passing the national budget has been completed.

In the budget for the FY 2014-15, the growth target has been set at 7.3 percent, which experts believe as attainable through effective measures in implementing the Annual Development Project. The new budget has also a target to bring down the inflation to below 7 percent.