Not a big budget…
The finance minister's comment that 'this is not a big budget' is true enough as taka 1,91,738 Crore equates to about £14.92 billion British pounds. For a clear perspective, Mayor Boris Johnson has a budget of about £16 billion for London; the richest man in Britain Laxmi Mital has a personal fortune of about £20 billion; and the British overseas budget (about 0.7% of GDP) is about £8 billion.
However, the budgetary provision for capital investments like the Padma Bridge, nuclear power stations etc should not form part of the national budget to confuse the issues, as for instance, the London Cross-rail project which has an estimated budgetary cost of £24 billion is spread over several years with its own financing mechanisms.
I congratulate the government on its budget.
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