DHAKA, June 01, 2023 (BSS) - Finance Minister AHM Mustafa Kamal todayproposed increasing the social safety net programme allocation by 11 percentyear-on-year for fiscal year (FY) 2023-24. He recommended allocating a total of Taka 126,272 crore, up from the currentfiscal year's Taka 113,576 crore. "Budget allocation in the social sector experienced a nine-fold increase fromTaka 13,845 crore in FY2009-10 to Taka 1,26,272 crore in FY2023-24," he said. The minister said this while placing over Taka 7.61 lakh crore proposednational budget for FY23-24 at Jatiya Sangsad in the city. The proposed allocation is 16.58 per cent of the total budget and 2.52 percent of the gross domestic product.

Source: Bangladesh Sangbad Sangstha June 01, 2023 10:59 UTC