July 1, 2024
1 min read

Bangladesh Passes Record $68B Budget

Finance Minister Abul Hassan Mahmood Ali placed before the parliament the annual budget of Prime Minister Sheikh Hasina’s government…reports Asian Lite News

The Bangladesh parliament on Sunday passed a record 7.97-trillion-Taka (68 billion US dollars) national budget for the 2024-25 fiscal year (July 2024-June 2025).

Finance Minister Abul Hassan Mahmood Ali placed before the parliament the annual budget of Prime Minister Sheikh Hasina’s government.

Unanimously by voice vote, the parliament passed the budget on the last working day of the current 2023-24 financial year with some adjustments, reports Xinhua news agency.

The inflation rate which was announced at 6.5 per cent for the 2024-25 fiscal year during the budget proposal on June 6 has been revised to 6 per cent.

Bangladesh is now targeting an average inflation rate of 6 per cent in the next fiscal year, although it averaged more than 9 per cent in the past two years. However, the government projected an economic growth of 6.75 per cent in the annual budget.

On the expenditure side, the size of the Annual Development Program (ADP) for the next fiscal year will be 2.65 trillion Taka with transport, power, infrastructure, rural development and education sectors getting the biggest chunk of money.

ALSO READ: Modi urged to further extend connectivity with Bangladesh

Previous Story

French far right eyes power after election win

Next Story

‘End of an Era’

Latest from -Top News

Trump’s 20 points to peace in Gaza

Trump unveils 20-point Gaza peace plan with Netanyahu’s backing, offering hostages’ release, technocratic rule, and global oversight, as Hamas faces pressure to accept or risk further war. US President Donald Trump has

Trump Urged to Back Baloch Rights in Pakistan

The letter urged President Trump to recognise the Baloch people’s right to self-governance and to raise his voice against the alleged atrocities committed by the Pakistani military…reports Asian Lite News In a

ISI Steers Bangladesh Closer to Turkey

The Jamaat-e-Islami, at the behest of the ISI, coaxed the Muhammad Yunus government to stitch a closer alliance with Turkey. …reports Asian Lite News Bangladesh, which is facing turmoil following the fall

India, Kenya Navies Forge Stronger Ties

During the port call, personnel from both navies will engage in various professional and social interactions, including joint training activities…reports Asian Lite News Senior Officer of the First Training Squadron (1TS) and
Go toTop

Don't Miss

Khaleda Zia Returns to Bangladesh

As Khaleda Zia travelled to her Gulshan residence from the

‘We decide our foreign policy’: B’desh tells China over Quad remarks

Momen made the remarks while speaking at state guesthouse Padma