Tk 7.97 lakh crore budget placed at Jatiya Sangsad

Finance Minister Abul Hassan Mahmood Ali on Thursday afternoon started placing a Taka 7,97,000 crore national budget for the next fiscal year (FY25) at Jatiya Sangsad (JS).

Ali started placing the budget just after 3:00pm at the House in presence of Leader of the House and Prime Minister Sheikh Hasina.

The Finance Minister is announcing the budget amid the growing challenges of containing inflation, maintaining a sound foreign currency reserve, a stable exchange rate and generating more revenues.

This is the country's 53rd budget and the 25th of the Awami League (AL) government in six terms. This budget is also the 21st under the rule of Prime Minister Sheikh Hasina in different terms.

Tajuddin Ahmad presented the country's first budget as finance minister of the post-independence Bangabandhu government in 1972.

This budget for FY25 is the maiden budget of incumbent Finance Minister AH Mahmood Ali.

Career diplomat Ali, who previously served the Cabinet as the Minister for Disaster Management and Relief and the Minister for Foreign Affairs, would eye building a 'Smart Bangladesh' despite various obstacles and adversities.