Budget session begins May 31

This year the budget session of the Parliament will begin on May 31 as Finance Minister AHM Mustafa Kamal is scheduled to present the national budget for the 2023-24 fiscal year on June 1.

President Mohammed Shahabuddin summoned the 23th session (Budget Session) of the 11th parliament exercising power bestowed upon him by Article 72(1) of the Constitution.

The budget session will start at 5:00pm on May 31, said a press release from Parliament on Sunday.

On May 11 last, the National Economic Council (NEC) on Thursday approved a Tk 263,000 crore Annual Development Programme (ADP) for the next fiscal year (FY24) making highest allocation of Tk 75,945 crore (28.88pc of allocation) in the transport and communication sector.

Out of the original ADP allocation, Tk 169,000crore will be drawn from the local sources while Tk 94,000 crore will come from the foreign sources. In 2022, Finance Minister AHM Mustafa Kamal placed Tk 678,064-crore national budget for the fiscal year 2022-23 in the House.