The 12th Parliament went into the first budget session on Wednesday to debate and pass the proposed national budget for Fiscal Year 2024-2025.
Previously on Monday, President Mohammed Shahabuddin summoned the 3rd session (budget session) of the 12th parliament, exercising the power bestowed upon him as per the Clause (1) of Article 72 of the Constitution.
The parliamentary session, the 3rd in 2024, started at 5:07pm.
The size of the next national budget of Bangladesh, for the fiscal year starting July 1, will be about Tk 8 lakh crore with a Tk 265,000-crore Annual Development Programme (ADP).
The National Economic Council (NEC) already approved the ADP with an outlay of Tk 265,000 crores, keeping the highest allocation of Tk 70, 687.75 crore (26. 67pc of allocation) for the transport and communication sector.
Besides, the NEC approved some Tk 13,288.91 crore ADP of the autonomous bodies or corporations.
So, with the 13,288.91 crore ADP for autonomous bodies or corporations, the total size of ADP for 2024-2025 has stood at Tk 278,288.91 crore.
In the ADP, the total number of projects is 1,321 including 1,133 investment projects, 21 survey projects, 87 technical assistance projects and 80 projects from the autonomous bodies and corporations.
The Local Government Division among the ministries and divisions is going to receive the highest 10 allocation of some Tk 38,809 crore [15 per cent of allocation] in the ADP.
Back on May 9, the second session of the 12th Parliament was prorogued after six working days, which started on May 2.
