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Cabinet approves proposed national budget for FY 2024-25

pobnews24 by pobnews24
June 6, 2024
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Cabinet approves proposed national budget for FY 2024-25
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POBNEWS24, Dhaka June 6, 2024: The cabinet at a special meeting
today approved the proposed national budget for the fiscal year
2024-25.

Prime Minister Sheikh Hasina presided over the meeting held in
the cabinet room of the Jatiya Sangsad Bhaban.

Finance Minister AH Mahmood Ali, other cabinet ministers and
state ministers concerned attended the meeting.

The finance minister is set to unveil the proposed national budget
for fiscal 2024-25 this afternoon, after the authentication of the
budget by the President.

AH Mahmood Ali is scheduled to start unveiling the budget
involving Taka 797,000 crore with a Taka 265,000 crore Annual
Development Programme (ADP).

The National Economic Council (NEC) already approved the ADP
with an outlay of Taka 265,000 crores, keeping the highest
allocation of Taka 70, 687.75 crore (26. 67pc of allocation) for the
transport and communication sector.

Besides, the NEC approved some Taka 13,288 crore ADP of the
autonomous bodies or corporations.

So, with the Taka 13,288 crore ADP for autonomous bodies or
corporations, the total size of ADP for 2024-2025 has stood at
Taka 278,288 crore.

In the ADP, the total number of projects is 1,321 including 1,133
investment projects, 21 survey projects, 87 technical assistance
projects and 80 projects from autonomous bodies and
corporations.

The Local Government Division, among the ministries and
divisions, is going to receive the highest allocation of some Tk
38,809 crore (15pc of allocation) in the ADP.

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