Shawdesh Desk:

The Cabinet, at a special meeting on Thursday, approved the proposed national budget for the fiscal year 2024-25. The meeting was 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, attended the meeting. The finance minister is set to unveil the proposed national budget in the afternoon, following its authentication by the president.

The proposed budget for the 2024-25 fiscal year exceeds Tk 8 lakh crore, including a Tk 265,000 crore Annual Development Programme. The National Economic Council has already approved the ADP, allocating the highest amount of Tk 70,687.75 crore (26.67 per cent of the allocation) to the transport and communication sector.

Additionally, the NEC approved an ADP of Tk 13,288.91 crore for autonomous bodies and corporations, bringing the total ADP for 2024-2025 to Tk 278,288.91 crore.

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 38,809 crore (15 per cent of the total allocation) in the ADP.