JS goes into budget session

The 12th Parliament went into the first budget session to debate and pass the proposed national budget for the fiscal 2024-2025. The parliamentary session, the 3rd in 2024, started at 5:07pm on Wednesday.

The size of the upcoming national budget, for the fiscal year starting July 1, will be about Tk 8 lakh crore with a Tk 265,000-crore Annual Development Programme (ADP).

Earlier on May 20, President Mohammed Shahabuddin convened the session exercising the power bestowed upon him as per the Article 72 (1) of the Constitution.

The working advisory committee of parliament earlier in the day met at 4pm to finalise the decision regarding the session before it starts.

Chaired by Speaker Shirin Sharmin Chaudhury, the meeting was attended by Prime Minister Sheikh Hasina, opposition leader GM Quader and others.

It is the first budget session of the present stint of the Awami League government that came to power through the general election on January 7 this year.

Finance Minister Abul Hasan Mahmud Ali is scheduled to present the national budget on Thursday (June 6).

This will be the first budget of the current Finance Minister Abul Hasan Mahmud Ali.