Finance Minister Abul Hassan Mahmood Ali on Monday asked finance officials to work sincerely to prepare a 'good budget' for the next fiscal year (FY 2024-25), the first one since he took office in January last.
At a meeting with finance division officials, also attended by State Minister for Finance Waseqa Ayesha Khan, he said the officials have been doing well and need to do further better, meeting sources said.
Mr Ali pointed out that the finance division has nearly double the manpower than any other divisions or ministries thus the output should be better than others.
This is the first budget for the minister and the finance secretary. The budget should be flawless, said the minister.
Before addressing the officials, the minister presided over the monthly coordination meeting of the finance division.
The size of the budget is likely to be Tk8.05 trillion, and the expenditure growth is being fixed at 8 per cent, cutting from 10 to 12 per cent of previous years. At the same time, the GDP (gross domestic product) growth target is also being lowered to 6.9 per cent from 7.5 per cent in the current budget.
syful-islam@outlook.com
Prepare a 'good budget' for next FY
Finance minister asks officials
FE REPORT | Published: March 18, 2024 23:15:13
Prepare a 'good budget' for next FY
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