Budget FY2024-25 : Finance Minister proposes budget deficit of Tk2.56 lakh crore
Staff Correspondent
Finance Minister Abul Hassan Mahmood Ali on Thursday proposed a budget deficit of Tk2.56 lakh crore in FY2024-25.
“In the proposed budget for FY2024-25, the estimated deficit will stand at Tk2,56,000 crore, which is 4.6% of GDP. The deficit was estimated to be 5.2% in the previous budget,” he said while placing the budget in parliament.
“Within the total proposed budget deficit, I propose Tk1,60,900 billion from domestic sources and Tk95,100 billion from foreign sources for financing.”
He said the prudent and pragmatic macroeconomic policy has kept the country's debt management relatively risk free, as mentioned in the reports of the International Monetary Fund (IMF).
“Despite the increase in expenditure for loan and interest payment due to the depreciation of foreign currency over the past two years, our deficit and borrowing will remain sustainable in our overall budget," he added.
The finance minister placed the Tk7,97,000 crore national budget in the House for FY25.
