The education sector allocation in the proposed national budget for 2023–24 financial year has increased by around 8.2 per cent.
The proposed budget allocations for the upcoming fiscal year for both the primary and mass education and education ministries stood at Tk 88,162 crore which was Tk 81,449 crore in the outgoing budget for the 2022–23 financial year.
Finance minister AHM Mustafa Kamal on Thursday started placing the national budget for 2023-24 financial year estimated at Tk 7 lakh 61 thousand 785 crore, which is 15.2 per cent of the GDP.
The finance minister proposed to allocate a total of Tk 4 lakh 36 thousand 247 crore to operating and other sectors and Tk 2 lakh 63 thousand crore to the Annual Development Programme.
In his budget speech, he said, ‘in FY2023-24, I propose to allocate Tk. 34,722 crore for primary and mass education, which was Tk. 31,761 crore in the FY2022-23.’
He also said, ‘in FY2023-24, I am proposing to allocate Tk. 42,838 crore to the secondary and higher education sector, which was Tk. 39,961 crore in fiscal year FY2022-23.’
‘I am proposing to allocate Tk 10,602 crore in FY2023-24 for the Technical and Madrasa Education Division, which was Tk. 9,727 crore in FY2022-23,’ he added.
