Budget deficit in India, UK, US is more than Bangladesh: Hasan

Information and Broadcasting Minister Dr Hasan Mahmud on Sunday said deficit of the proposed budget for 2023-24 fiscal is to be 5.2 per cent of GDP while the deficit in India is 5.9 per cent, in the USA 6 per cent and in the UK 5.5 per cent, reports BSS.

"I would like to draw attention of the professional critics, who claim that they do many researches and they highlight the 5.2 per cent deficit in our country's proposed budget for the 2023-24 fiscal. The deficit is 5.9 per cent of GDP in India, 6 per cent in the US and 5.5 per cent in the UK," he said.

This means, he said, the budget deficit of India, the UK and the US is more than Bangladesh. Not only that, more than hundred countries across the globe have budget deficits, he added.