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Bangladesh has approved a development budget of 3 trillion taka (around USD 24.59 billion) for the next fiscal year, marking an increase of more than 30 per cent over the current year’s allocation. The Annual Development Programme (ADP), cleared by the National Economic Council chaired by Prime Minister Tarique Rahman, will prioritise transport infrastructure, education, healthcare, agriculture, and climate-resilient growth initiatives. More than 63 per cent of the funding is expected to come from domestic resources, while the remainder will be sourced through foreign loans and grants. The approval comes amid concerns over Bangladesh’s external financing conditions following a recent outlook downgrade by Fitch Ratings and observations by the International Monetary Fund regarding data reliability.
Bangladesh has approved a 3 trillion taka annual development programme, equivalent to nearly USD 24.59 billion, for the upcoming fiscal year beginning July 1, with the government targeting infrastructure expansion, inclusive economic growth, social sector investments, and climate-resilient development initiatives. Advertisement
The National Economic Council (NEC), chaired by Prime Minister Tarique Rahman, cleared the Annual Development Programme (ADP) during the past week. Officials said the approved allocation is more than 30 per cent higher than the current fiscal year’s development budget.
According to government officials, around 63.33 per cent of the development expenditure will be financed through domestic state resources, while the remaining 36.67 per cent is expected to be sourced from foreign loans and grants.
Finance and Planning Minister Amir Khosru Mahmud Chowdhury stated after the NEC meeting that large-scale investment remained essential for sustaining economic growth and generating employment opportunities. He said the government had adopted an ambitious development budget with confidence in its implementation capacity.
Planning Commission officials stated that the new fiscal programme prioritises sectors such as education, healthcare, and agriculture with the objective of ensuring balanced socio-economic development while addressing future economic and technological challenges linked to the Fourth Industrial Revolution.
The transport and communication sector received the highest share of the allocation at 16.70 per cent. Officials said the government intends to accelerate economic activity through continued investments in infrastructure development, including railway and waterway expansion projects.
Education emerged as the second-largest allocation category, accounting for 15.86 per cent of the development budget, followed by the health sector at 11.84 per cent. The power and energy sector received 10.90 per cent of the total allocation.
The approval of the expanded development programme comes amid increasing scrutiny of Bangladesh’s economic and financial position from global institutions and rating agencies.
In the past week, Fitch Ratings revised Bangladesh’s outlook to “negative” from “stable”, citing rising external financing risks, elevated inflationary pressures, and the impact of the Middle East conflict on remittance flows.
Earlier this year, the International Monetary Fund assigned Bangladesh a ‘C’ rating in relation to data reliability concerns.
Despite these developments, Chowdhury stated that the government remained optimistic about Bangladesh’s investment prospects. He said the administration believed that firm leadership, faster decision-making, and institutional professionalism would help position the country as a stronger investment destination in the coming years.
The development programme is expected to guide Bangladesh’s public sector investment priorities during the next fiscal cycle, with infrastructure, social welfare, and energy remaining central to the government’s economic strategy.
Source - PTI
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