Dhaka, June 3 -- Even as the interim government vows to rein in spending by cutting development funds, its proposed budget for FY2025-26 includes fresh allocations for civil servants under "special benefits", a move economists are calling "questionable" in the face of growing fiscal pressure.
The proposed budget outlines a deficit of Tk 2.26 trillion, which equals 3.62 percent of gross domestic product (GDP).
Finance Advisor Salehuddin Ahmed unveiled the Tk 7.90 trillion budget at 3pm on Monday-Tk 70 billion less than last year's original plan.
Still, the proposal marks a 6.18 percent increase from the revised budget of Tk 7.44 trillion and represents 12.65 percent of GDP.
By contrast, the outgoing fiscal year's revised budget was equ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.