Next budget will be To 8 lakh crore

Minister of State for Planning Shahiduzzaman Sarker

A discussion meeting titled 'Budget 2024-25: Key Challenges and Transition' was convened by Research and Policy Integration for Development (RAPID) at the Tafazzal Hossain Manik Mia Hall of the National Press Club on Tuesday, April 2, 2024. The event aimed to shed light on the forthcoming budget for the fiscal year 2024-2025, addressing its pivotal challenges and transitions. Distinguished guests, including the Minister of State for Planning Shahiduzzaman Sarker, esteemed members of parliament, and prominent figures from academia and journalism, were in attendance.

Budget Projection

In his address as the chief guest, Minister Shahiduzzaman Sarker affirmed that the budget for the fiscal year 2024-2025 is anticipated to reach a staggering eight lakh crore Tk. This announcement underscores a substantial increase from previous budgetary allocations. Minister Sarker expressed confidence that this year's budget would be formulated with the welfare of the people at its core, emphasizing the government's commitment to addressing the evolving needs and aspirations of the populace.

Government's Endeavors

Minister Sarker articulated the remarkable progress achieved under the government's tenure, highlighting the elevation in the standard of living and the evolving demands of the populace. He emphasized that the government's focus extends beyond basic necessities, with citizens now aspiring for enhanced quality of life and livelihoods. Despite acknowledging existing limitations, Minister Sarker reiterated the government's unwavering dedication to fulfilling its responsibilities towards the people and striving for further advancements.

Budget's Significance

Minister Sarker underscored the multifaceted nature of the budget, emphasizing that it transcends mere financial figures to embody the political ambitions and commitments of the government. He stressed the importance of aligning budgetary allocations with strategic objectives aimed at fostering economic growth and enhancing human welfare. Furthermore, Minister Sarker emphasized the significance of timely project implementation, citing its pivotal role in optimizing resource utilization and minimizing liabilities.

Key Discussions

The meeting witnessed insightful discussions led by Dr. Mohammad Abdur Razzaque, Chairman of RAPID, and M Abu Yusuf, Executive Director of RAPID, along with contributions from notable personalities such as Mr. Nasser Shahriar Zahidi and Mr. Md. Nasser Shahrear Zahedee. The discourse delved into the critical challenges and transitions anticipated in the upcoming budget, offering valuable insights for policymakers and stakeholders.

The budget discussion meeting served as a platform for engaging dialogue and exchange of ideas, reflecting the collective endeavor towards charting a path for sustainable economic development and societal progress. As preparations for the fiscal year 2024-2025 budget gain momentum, the insights shared in this meeting are poised to inform and shape the government's fiscal policies, ensuring alignment with the overarching goal of enhancing the well-being of the citizenry.