Dhaka, May 7 -- The non-development expenditure in the upcoming budget is expected to increase by more than 5 percent due to rising costs of debt servicing, food subsidies, and a special allocation for banking sector reforms, sources said.
According to the official sources, the upcoming budget is likely to be slightly smaller than the current fiscal year's one.
A draft discussed at a recent fiscal coordination council meeting showed the next budget is projected to be Tk 7,90,000 crore-Tk 7,000 crore less than the current fiscal year's budget.
This marks a departure from the previous governments' practice of increasing the budget annually, as the interim administration has adopted a more conservative fiscal stance.
Non-development spendi...