Social safety net allocation rises by 5.5%

The government has proposed increasing the allocation by 5.5 per cent year-on-year for social safety net programmes carried out by the government.

Finance minister AHM Mustafa Kamal revealed this in his budget speech in the parliament on Thursday.

He recommended allocating a total of Tk 113,576 crore, up from the current fiscal year's Tk 107,614 crore, for the implementation of social safety net programmes in the budget for upcoming FY 23.

The proposed allocation is 16.75 percent of the total budget and 2.55 percent of the gross domestic product.