Parliament opens session to debate and approve national budget for FY25

The 12th Parliament went into the first budget session on Wednesday to debate and pass the proposed national budget for fiscal 2024-2025.

President Mohammed Shahabuddin on Monday summoned the 3rd session (budget session) of the 12th parliament, exercising the power bestowed upon him as per Clause (1) of Article 72 of the Constitution.

The parliamentary session, the 3rd in 2024, started at 5:07pm.

The size of the next national budget of Bangladesh, for the fiscal year starting July 1, will be about Tk8 lakh crore with a Tk265,000-crore Annual Development Programme (ADP).

The National Economic Council (NEC) already approved the ADP with an outlay of Tk265,000 crores, keeping the highest allocation of Tk70,687.75 crore (26. 67% of allocation) for the transport and communication sector.

Besides, the NEC approved some Tk13,288.91-crore ADP of autonomous bodies or corporations.

So, with the Tk13,288.91 crore ADP for autonomous bodies or corporations, the total size of ADP for 2024-2025 has stood at Tk278,288.91 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 the autonomous bodies and corporations.

Local Government Division among the ministries and divisions is going to receive the highest 10 allocation of some Tk38,809 crore (15pc of allocation) in the ADP.

Source: UNB