Budget 2024-25: The untouched status of loan defaulters is disappointing, proposed budget analysis

Budget 2024-25: The untouched status of loan defaulters is disappointing, proposed budget analysis

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The allocation for the education sector in the proposed budget is also quite disappointing. A budget allocation of 947.1 billion taka has been proposed for the Ministry of Education and two divisions under the Ministry of Primary and Mass Education. Although the allocation saw a slight increase in size compared to the previous fiscal year, it remained low in comparison to GDP.

Our allocation for education in the current fiscal year is already the lowest in South Asia relative to GDP. It is going to be even lower in the coming fiscal year.

The total allocation for education was about 2.4 percent of the country's GDP, which increased to 2.5 percent in 2016. Now it has decreased to 1.69 percent of GDP. Looking at this, it can be said that education is not getting proper importance in this government. With the increase in population, the allocation for the education sector should also increase accordingly.

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