5 per cent incentive for government employees likely to continue in FY25

5 per cent incentive for government employees likely to continue in FY25

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Following the announcement of the outgoing Budget, the government issued a notification on July 18, 2023, announcing that serving officers will get a special benefit at the rate of 5 per cent on their basic pay payable on July 1.

The budget for the fiscal year 2023-24 initially allocated Tk 804.63 billion for salaries and allowances of government employees, and was later revised to Tk 774.89 billion.

The actual expenditure on salaries and allowances in the financial year 2022-23 was Tk 638.51 billion, higher than Tk 628.56 billion in 2021-22 and Tk 616.72 billion in 2020-21.

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