Finance Minister Amir Khosru Mahmud Chowdhury on Thursday has officially begun presenting the national budget for the fiscal year 2026–27 (FY27) in Parliament, outlining an economic strategy centered heavily on stabilization and major fiscal reform.

Boasting a massive financial outlay of BDT 9.38 lakh crore, this marks the first national budget of the current Bangladesh Nationalist Party (BNP) government since it assumed power following the general election held on February 12.

Prior to its placement in Parliament, President Mohammed Shahabuddin authenticated the proposed FY27 budget, according to his Press Secretary, Sarwar Alam.

This legislative step followed a special morning session at the Jatiya Sangsad Bhaban, where the Cabinet formally approved the fiscal blueprint.

"The Cabinet, chaired by honorable Prime Minister Tarique Rahman, has approved the proposed budget," stated Prime Minister’s Additional Press Secretary Atikur Rahman Ruman.

The crucial meeting commenced at approximately 10 am and concluded around 1 pm in the Cabinet Room, with Finance Minister Amir Khosru Mahmud Chowdhury, along with other cabinet ministers and state ministers, in active attendance.

According to high-level treasury sources, the government has set an ambitious overall revenue mobilization target of BDT 6.95 lakh crore to fund the massive public expenditure.

To achieve this, the National Board of Revenue (NBR) has been given the responsibility of collecting the lion's share of BDT 6.04 lakh crore.

Furthermore, the government projects generating BDT 25,000 crore from non-NBR tax sectors and an additional BDT 66,000 crore from non-tax revenue (NTR) sources.

A major portion of the resource allocation will be consumed by climbing debt servicing obligations.

The government has earmarked BDT 1.27 lakh crore solely for interest payments on loans.

Out of this total allocation, BDT 1.05 lakh crore will go toward servicing domestic debt, while foreign loan interest payments will require BDT 22,500 crore.

The draft proposal estimates the overall fiscal deficit at BDT 2.43 lakh crore.

To bridge this significant gap, the administration plans to secure BDT 1.09 lakh crore from external and foreign funding sources.

For domestic deficit financing, the government intends to rely heavily on the country’s banking system, planning to borrow BDT 1.12 lakh crore from commercial banks.

The remaining deficit gap of BDT 15,000 crore is projected to be met through the sales of national savings certificates.