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The special cabinet meeting began today to approve the proposed national budget for the fiscal year 2024-25, presided over by Prime Minister Sheikh Hasina at the cabinet room of the Jatiya Sangsad Bhaban.
Finance Minister AH Mahmood Ali, along with other ministers and state ministers, are attending the meeting. The finance minister is set to unveil the proposed national budget this afternoon, following its authentication by the President, reports UNB.
The proposed budget for the 2024-25 fiscal year exceeds Tk 8.0 trillion, including a Tk 2.65 trillion crore Annual Development Programme (ADP). The National Economic Council (NEC) has already approved the ADP, allocating the highest amount of Tk 706.8 billion (26.67% of the allocation) to the transport and communication sector.
Additionally, the NEC approved an ADP of Tk 132.89 billion for autonomous bodies and corporations, bringing the total ADP for 2024-2025 to Tk 2.78 trillion.
The ADP includes 1,321 projects: 1,133 investment projects, 21 survey projects, 87 technical assistance projects, and 80 projects from autonomous bodies and corporations.
Among the ministries and divisions, the Local Government Division is set to receive the highest allocation of approximately Tk 388.09 billion (15% of the total allocation) in the ADP.