Dhaka, June 1 -- Finance Minister AHM Mustafa Kamal has unveiled a Tk 7.62 trillion national budget for the fiscal year 2023-24 (FY24).

He placed the budget before the Jatiya Sangsad at 3:00pm on Thursday.

The record outlay of Tk 7.62 trillion represents an increase of over 12 per cent compared to the original budget of Tk 6.78 trillion for this fiscal (FY23). The revised budget for the outgoing fiscal year is set at Tk 6.60 trillion.

In the budget, Tk 4.75 trillion has been earmarked for the recurrent or operating expenditure, while the rest amount for development and other spending.

Earlier in the day, the Cabinet at a special meeting approved the proposed national budget for FY24.

Prime Minister Sheikh Hasina presided over the mee...