Tk 2.56 lakh crore budget deficit proposed in FY25

Finance Minister Abul Hassan Mahmood Ali has proposed a budget deficit of Tk 2.56 lakh crore in the budget for FY25.

Ali made the proposal while placing the budget for FY25 at Jatiya Sangsad on Thursday.

"In the proposed budget for FY 2024-25, the estimated deficit will stand at Tk 2,56,000 crore, which is 4.6 percent of GDP. The deficit was estimated to be 5.2 percent in the previous budget," he said.

Ali also said, "Within the total proposed budget deficit, I propose Tk 1,60,900 billion from domestic sources and Tk 95,100 billion from foreign sources for financing."

"Despite the increase in expenditure for loan and interest payment due to the depreciation of foreign currency over the past two years, our deficit and borrowing will remain sustainable in our overall budget," he added.