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

Modi: We’ll Hunt Them Down

The Prime Minister thanked nations that extended support to India in the aftermath of the terror attack…reports Asian Lite News In his first address after the horrific terror attack in Pahalgam, Jammu

Moscow Steps Up Afghan Diplomacy

Russia sees a potential economic partner in the Taliban authorities, who praised Moscow for scrapping the “terrorism” label last week…reports Asian Lite News Russia has announced that it will elevate the Afghan

World leaders condemn Kashmir terror attack 

Strong messages of condemnation of the terror attack came from leaders in different parts of the world including the US, Russia, UAE, Israel, Singapore, France, Sri Lanka and Iran  World leaders strongly

India downgrades ties with Pakistan 

The decision — which also included the downgrading of diplomatic ties with Pakistan — came after a meeting of the Cabinet Committee on Security (CCS), chaired by the PM   India on

Sindh Lawyers Lead Protests Against Canal Plan 

The protests, which have been ongoing for weeks, have gathered significant attention from various sectors of Sindh’s civil society, including nationalist parties, farmers, writers, and members of the legal community.  Judicial activities
Go toTop

Don't Miss

B’desh’s exports hit a record $25bn

With hefty growth in garment exports, Bangladesh shipped goods worth

Explosion at oxygen plant kills 6 in B’desh

Among the six deceased, a man was killed after being