Muhith plans to revise budget

PV Desk : Finance Minister AMA Muhith plans to revise the budget for fiscal 2017-18 ‘much earlier’ than scheduled, as he faces a deficit in revenue due to the decision scrapping uniform VAT.

The 84-year-old minister also expressed his eagerness to take part in the next parliamentary election if the party wants him to.

Muhith set aside some time on Saturday and spoke to a group of journalists about the budget and various personal issues at his Secretariat office.

“The revised budget will come much earlier this time. I’ll have to do this. We’ll have to change many figures in the budget as the implementation of the new VAT law has been deferred by two years,” Muhith said.

The parliament has passed the Tk 4.26 trillion budget for this fiscal year, with a revenue target of Tk 2.88 trillion.