Budget session of Parliament to begin late Wednesday afternoon

Parliament building.

Dhaka, June 5 – The third session of the current Parliament will begin Wednesday. It will be the first budget session of the Awami League government after the general election of January 7 this year.

The session will start at 5pm at Sangsad Bhaban of Sher-e-Bangla Nagar in the city. 

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

Finance Minister Abul Hassan Mahmood Ali is expected to place the national budget for fiscal year 2024-25 (FY25) in the afternoon.  

The size of the proposed budget is expected to be around Taka 8 lakh crore, said a finance ministry official, adding that controlling the rising inflation is expected to get the top priority.

The budget will be the country’s 53rd and the 25th of the Awami League government in its six tenures after independence. 

Tajuddin Ahmed presented the country’s first budget in 1971 as finance minister of the post-independence govermment headed by Bangabandhu Sheikh Mujibur Rahman. The size of the country's first budget was Taka 7.86 billion and ADP size was Taka 5.01 billion. – GW News Desk with agency