Tk 2.56 lakh crore budget deficit proposed in FY25

Finance Minister Abul Hassan Mahmood Ali today proposed a budget deficit of Tk 2.56 lakh crore in the budget for FY25.

Ali proposed while placing the budget for FY25 at Jatiya Sangsad on Thursday, reports BSS.

"In the proposed budget for FY 2024-25, the estimated deficit will stand at Tk 2,56,000 crore, which is 4.6 per cent of GDP. The deficit was estimated to be 5.2 per cent in the previous budget," he said.

Ali also said, "Within the total proposed budget deficit, I propose Tk 1,60,900 billion from domestic sources and Tk 95,100 billion from foreign sources for financing."

He said that 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.
 
"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.