Budget, (June-6, V7N)- Bangladesh Prime Minister Sheikh Hasina chaired a special Cabinet meeting today at the Jatiya Sangsad Bhaban to discuss and finalize the proposed national budget for the fiscal year 2024-25.

Finance Minister AH Mahmood Ali, along with other ministers and state ministers, participated in the meeting. The finance minister is scheduled to present the proposed national budget later today, following its approval by the President.

The proposed budget for the 2024-25 fiscal year exceeds Tk 8 lakh crore, including a Tk 265,000 crore Annual Development Programme (ADP). The National Economic Council (NEC) has already sanctioned the ADP, with the transport and communication sector receiving the highest allocation of Tk 70,687.75 crore (26.67% of the total allocation).

Moreover, the NEC approved an ADP of Tk 13,288.91 crore for autonomous bodies and corporations, bringing the total ADP for 2024-2025 to Tk 278,288.91 crore.

The ADP encompasses 1,321 projects, comprising 1,133 investment projects, 21 survey projects, 87 technical assistance projects, and 80 projects from autonomous bodies and corporations.

The Local Government Division is expected to receive the highest allocation of approximately Tk 38,809 crore (15% of the total allocation) in the ADP.

END/V7N/SMA/DK/