The government plans to set aside Tk 50 billion (5,000 crore) in the proposed 2022-23 fiscal year to provide emergency financial assistance to the low-income people who become jobless.
Finance Minister AHM Mustafa Kamal, during his budget proposal on Thursday, said one of the priorities of the government is to provide emergency financial assistance to the low-income people who become jobless or their income is reduced due to natural disasters like floods, flash- floods, storm surges, hail storms, cyclones or other financial crisis.
In FY 2021-2022, the government established a fund called ‘Fund for Managing the Shocks of Natural Disasters’, he stated.
The government would like to continue this support in the next fiscal year, he added.
The minister has unveiled the upcoming 2022-23 fiscal year's proposed national budget with a record outlay of Tk 6.78 trillion in the national parliament.
He presented the budget – up by over 14.30 per cent from the revised budget size of the outgoing fiscal year – at 3:00 pm.
The finance minister set the GDP (gross domestic product) growth rate at 7.5 per cent, and the inflation rate at 5.5 per cent.
As the total size of the expenditure budget has been estimated at Tk 6.78 trillion (or Tk 6780.64 billion), the outlay is 15.2 per cent of the GDP.
For the operating and other expenditures an allocation of Tk. 4.32 trillion is there while for the annual development programme, allocation stands at Tk 2.46 trillion
