JS passes Taka 7,97,000cr budget for FY25

Reported By: ST Report Posting Time: 2024-06-30 17:38:10 Catagory: Bank
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Budget size 7,97,000cr

The Jatiya Sangsad (JS) today passed the Taka 7,97,000 crore national budget for FY25 with a prime focus on maintaining economic stability and augmenting steps to materialise the government "Smart Bangladesh" vision.
Despite the global volatile condition and adversities, the budget for the next fiscal eyed a 6.75 percent GDP growth while containing the inflation within 6.50 percent.
Finance Minister Abul Hassan Mahmood Ali moved the Appropriations Bill, 2024 today, seeking a budgetary allocation of Taka 12,41,752 crore which was passed by voice votes.
Earlier yesterday, the parliament passed the Finance Bill, 2024 with some minor changes. Following the proposal mooted in the House by the Finance Ministry for the parliamentary approval of the appropriation of funds for meeting necessary development and non-development expenditures of the government, the ministers concerned placed justifications for the expenditure by their respective ministries through 59 demands for grants.