Social safety net allocation to rise 5.5%

Finance Minister AHM Mustafa Kamal today proposed increasing the allocation by 5.5 per cent year-on-year for social safety net programmes carried out by the government.

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Education budget only 1.83% of GDP

He recommended allocating a total of Tk 113,576 crore, up from the current fiscal year's Tk 107,614 crore, for the implementation of social safety net programmes in the budget for upcoming FY 23.

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Textile sector’s 15% tax to stay

The proposed allocation is 16.75 percent of the total budget and 2.55 percent of the gross domestic product.