Finance Minister Abul Hasan Mahmood Ali presented the annual budget of Prime Minister Sheikh Hasina's government before Parliament.
According to the report of Xinhua news agency, the Parliament passed the budget unanimously by voice vote with some adjustments on the last working day of the current financial year 2023-24.
During the budget proposal on June 6, the inflation rate for the 2024-25 financial year was announced at 6.5 percent, which has been revised to 6 percent.
Bangladesh is now targeting an average inflation rate of 6 percent in the next fiscal year, although it has averaged more than 9 percent in the past two years. However, the government had projected economic growth of 6.75 percent in the annual budget.
On the expenditure side, the size of the Annual Development Program (ADP) for the next financial year will be Tk 2.65 trillion, with transport, power, infrastructure, rural development and education sectors getting the largest share of funds.
According to the report of Xinhua news agency, the Parliament passed the budget unanimously by voice vote with some adjustments on the last working day of the current financial year 2023-24.
During the budget proposal on June 6, the inflation rate for the 2024-25 financial year was announced at 6.5 percent, which has been revised to 6 percent.
Bangladesh is now targeting an average inflation rate of 6 percent in the next fiscal year, although it has averaged more than 9 percent in the past two years. However, the government had projected economic growth of 6.75 percent in the annual budget.
On the expenditure side, the size of the Annual Development Program (ADP) for the next financial year will be Tk 2.65 trillion, with transport, power, infrastructure, rural development and education sectors getting the largest share of funds.
