City
Epaper

Bangladesh approves $23 bn annual development expenditure

By IANS | Updated: May 16, 2024 18:00 IST

Dhaka, May 16 The highest economic policy-making body of the Bangladeshi government on Thursday approved a 2.65 trillion ...

Open in App

Dhaka, May 16 The highest economic policy-making body of the Bangladeshi government on Thursday approved a 2.65 trillion taka ($23 billion) Annual Development Programme (ADP) for the next fiscal year 2024-25 (July 2024-June 2025).

The amount is over 8 per cent higher than that of the revised ADP of the current fiscal year 2023-24 (June 2023-July 2024).

After the meeting, Bangladeshi Planning Minister Abdus Salam told journalists that out of the ADP outlay of 2.65 trillion taka for the next fiscal year, 1.65 trillion taka will come from local sources while the rest of 1 trillion taka as foreign project assistance.

The ADP for the next fiscal year attaches the highest importance to the transport, communication and education sectors alongside putting priority on ensuring optimum utilization of public funds through checking misuse.

A total of 1,321 projects are included in the next fiscal year ADP for execution. (1 US dollar equals about 117 taka).

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

PoliticsHimanta Biswa Sarma, his wife continue to counter Congress over its allegations; FIR lodged with Assam Police

NationalDelhi police arrest 19-yr-old for stabbing man to death

International"No power plant, stone ages": Trump sets 8 pm tomorrow deadline for Iran

Politics"Serious developmental and employment challenges": BJP's Anil K Antony slams CM Pinarayi Vijayan

InternationalMarkets, Malls to shut by 8 pm in Pakistan as fuel crisis deepens

International Realted Stories

InternationalTrump sets deadline, warns Iran of strikes​

InternationalArtemis II mission breaks record for farthest distance travelled by humans from Earth

InternationalTrump eyes Iran oil as war spoils​

InternationalUS touts military dominance after Iran rescue​

InternationalHormuz priority as US warns Iran on oil route​