This year’s budget will make life easier for common people: Finance Minister


Finance Minister Abul Hasan Mahmud Ali said, I am trying to do as much as possible. This year’s budget will make life easier for common people.

Finance Minister Abul Hasan Mahmud Ali is going to give a budget of 7 lakh 97 thousand crore rupees for the financial year 2024-25. He is the 18th finance minister of the country. Abul Hasan Mahmud Ali will present the budget for the first time as the finance minister. This is the 53rd budget of the country.

Finance Minister Abul Hasan Mahmud Ali has reached the Parliament to present the proposed budget for the financial year 2024-25.

Earlier on Thursday (June 6) he left the capital’s official residence on Iskaton Garden Road around 10:30 am for the budget announcement. He spoke to reporters about the budget.

Finance Minister Abul Hasan Mahmud Ali will present the budget proposal for the next financial year 2024-2025 in the National Parliament at 3 pm today.

Although the size of the budget for the fiscal year 2024-25 has increased, the deficit is decreasing. Compared to the proposed budget of the current fiscal year, the deficit in the next fiscal year’s budget is estimated to be Tk 5,785 crore. Without grants, the budget deficit is estimated at 2 lakh 56 thousand crores. However, the total deficit including grants will stand at 2 lakh 51 thousand 600 crores. In other words, the target of receiving a grant of Tk 4 thousand 400 crore is being considered for the next financial year.

To meet the deficit, the target of foreign debt is 1 lakh 27 thousand 200 crores. 36 thousand 500 crores of foreign debt will be repaid. In this, the net foreign debt will stand at 90 thousand 700 crores.

1 lakh 60 thousand crores of domestic debt will be taken. Out of this, 1 lakh 37 thousand 500 crores will be taken from the banking system, of which 72 thousand 682 crores are long-term loans and 64 thousand 818 crores are short-term loans. 23 thousand 400 crores of non-bank loans will be taken. The target for sale of savings bonds is Tk 15,400 crore.

IHR/SNR/ASM