Dhaka, Bangladesh (BBN)- President Abdul Hamid has summoned the first budget session of the 10th parliament on June 3 (Tuesday). 

The session will start at 5:00 pm on the day, a Parliament Secretariat statement said in Dhaka on Sunday.  

Finance Minister AMA Muhith will place the budget for the fiscal year 2014-15 on June 5, according to officials.

The size of the budget for the FY 15, as indicated by the finance minister, is expected to be around BDT 2.50 trillion. Budget size for the current FY is BDT 2.22 trillion.

Size of the Annual Development Programme (ADP) is likely to be set at BDT 800 billion, projecting 32 percent growth, against the revised one of BDT 600 billion for the current fiscal year.

The target of inflation might be kept at around 7.0 per cent for the next fiscal while the government is set to project a 7.3 per cent GDP growth for the next FY.

For the first time, the government would set the highest target for collection of direct tax. The aggregate tax revenue collection target for the current FY was BDT 1.36 trillion that has been reduced to BDT 1.25 trillion recently.

BBN/SSR/AD-18May14-8:15 pm (BST)