Dhaka, March 11 -- The shipping ministry is seeking a reduced budget for development projects in the next fiscal year compared to the current one, officials said.

In the FY25 budget, the actual allocation for the departments and agencies under the ministry to do development work is Tk 103.73 billion.

However, for the coming fiscal year, the ministry recently placed its demand to the Finance Division seeking Tk 99.43 billion.

With the sum, the departments and agencies under the ministry will take forward some 28 projects and programmes in the new fiscal year.

A senior ministry official told The Financial Express some five projects will be completed in the current fiscal year and those would not need money in FY26.

Also, he said, some ...