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

TechnologyIndia reveals 'YANTRA' as the theme for National Technology Day 2025

NationalIndia reveals 'YANTRA' as the theme for National Technology Day 2025

NationalMK Stalin leads massive unity rally to support armed forces amid Operation Sindoor

CricketWill IPL 2025 Resume Following India-Pakistan Ceasefire Decision?

NationalBihar: Jan Suraaj postpones all political activities amid India-Pakistan tension

International Realted Stories

InternationalRubio, Vance praise understanding between India and Pakistan, credit diplomacy

InternationalIndia's unyielding position: Bilateral ceasefire reached post Operation Sindoor, no third-party involvement

InternationalCeasefire on India's terms: How Pakistan was forced on backfoot during Operation Sindoor

International"India, Pakistan Agree to Full & Immediate Ceasefire: Donald Trump Makes Major Announcement Amid Mounting Tensions

InternationalColonel Qureshi dismisses Islamabad's claims of strikes on Indian airbases; Wing Commander Singh says Pak's Skardu, Jacobabad hit hard