Bangladesh Passes 68 Billion USD Budget For Next Fiscal Year
Date
7/1/2024 12:15:26 AM
(MENAFN- Nam News Network)
DHAKA, Jul 1 (NNN-BSS) – Bangladesh parliament, yesterday, passed a record 7.97-trillion-taka (68-billion-U.S. dollar) national budget, for the 2024-25 fiscal year, (Jul, 2024-Jun, 2025).
Finance Minister, Abul Hassan Mahmood Ali, placed before parliament the annual budget of Prime Minister, sheikh Hasina's government.
Unanimously by voice vote, parliament passed the budget on the last working day of the current 2023-24 financial year, with some adjustments.
The inflation rate which was announced at 6.5 percent for 2024-25 fiscal year, during the budget proposal on Jun, 6, has been revised to six percent.
Bangladesh is now targeting an average inflation rate of six percent in the next fiscal year, although it averaged more than nine percent in the past two years. However, the government projected an economic growth of 6.75 percent in the annual budget.
On the expenditure side, the size of the Annual Development Programme (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. (1 U.S. dollar equals to about 118 taka)– NNN-BSS
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