C T Online Desk: Government has proposed a raise in allocation in the education sector in the budget for the next fiscal year compared to the allocation in the outgoing fiscal year.
According to the proposed national budget for the fiscal year 2024-2025, the expenditure on the education sector has been set at Tk94,711 crore.
The allocation is 11.9% of the total budget and 1.7% of the GDP (Gross Domestic Product).
Finance Minister Abul Hassan Mahmood Ali has recommended Tk44,108 crore for the secondary and higher education division and Tk11,783 crore for the technical and madrasa education division.
He also allocated Tk38,819 crore for the primary and mass education ministry.
“Smart citizens will be instrumental to building a developed, prosperous and smart Bangladesh by 2041. Therefore, we need to properly train our future generation in science, technology and technical education to achieve the dream of building smart Bangladesh,” Mahmood Ali said in his budget speech.
This is higher than last year’s proposed expenditure of Tk74,597 crore.
Finance Minister Abul Hassan Mahmood Ali presented the proposed budget for the 2024-2025 fiscal year amounting to Tk797,000 crore (Tk7.97 trillion) in parliament on Thursday.
This was his first budget unveiling and the first budget after the reelection of the Awami League government in January.
