The implementation rate of the national budget improved during the current fiscal year compared with the previous one. However, despite the increase, only 52 percent of the original budget was implemented during the first nine months (July 2025-March 2026) of FY2025-26.
In the corresponding period of FY2024-25, budget implementation stood at 48.57 percent of the original allocation, indicating an increase of nearly four percentage points year-on-year.
According to data recently finalised by the Finance Division of the Ministry of Finance, the original budget for the current fiscal year was set at Tk 7,90,000 crore. Total expenditure during the first nine months amounted to Tk 4,08,426 crore, accounting for 52 percent of the annual allocation.
By comparison, the original budget for FY2024-25 was Tk 7,97,000 crore, later revised downward to Tk 7,44,000 crore. During the first nine months of that fiscal year, total expenditure reached Tk 3,87,120 crore, up from Tk 3,30,933 crore in the same period of FY2023-24.
Budget data also show that the overall fiscal deficit for FY2025-26 has been projected at Tk 2,26,025 crore. During the July-March period, the deficit stood at Tk 77,164 crore.
According to the Finance Division, revenue collection under the National Board of Revenue (NBR) amounted to Tk 2,83,919 crore during the first nine months of the fiscal year, achieving 56 percent of the annual target. The NBR's revenue target for the current fiscal year has been set at Tk 4,99,000 crore.
In the corresponding period of FY2024-25, NBR revenue collection stood at Tk 2,55,082 crore, equivalent to 53.14 percent of the annual target. The latest figures indicate an improvement in revenue mobilisation compared with the previous fiscal year.
To finance the budget deficit, the government borrowed Tk 1,02,442 crore from the domestic banking system during the first nine months of the current fiscal year, up from Tk 85,298 crore in the same period a year earlier. Borrowing from external sources also increased to Tk 19,580 crore from Tk 16,229 crore during the corresponding period.
On the other hand, the government repaid Tk 20,224 crore under the national savings certificates scheme during the period under review.
Meanwhile, total interest payments on domestic and foreign loans amounted to Tk 99,901 crore during the first nine months of the fiscal year. Of the total, Tk 84,053 crore was paid as interest on domestic debt, while Tk 15,848 crore was paid on external debt.
The data also show that the Annual Development Programme (ADP) allocation in the original budget for FY2025-26 was fixed at Tk 2,30,000 crore. Against this allocation, expenditure during the first nine months reached Tk 55,832 crore, resulting in an implementation rate of 24 percent.
The ADP implementation rate has declined compared with the previous fiscal year. During the corresponding period of FY2024-25, ADP implementation stood at around 26 percent of the original ADP allocation, indicating a slowdown in development spending despite the overall improvement in budget execution.
