2024-06-08 14:59:01
Finance Minister Abul Hasan Mahmud Ali mentioned that the common pension system for brand new recruits in authorities establishments will likely be launched from July 1, 2025.
He mentioned this whereas presenting the proposed price range for the fiscal yr 2024-25 within the Nationwide Parliament on Thursday (June 6) afternoon.
The Finance Minister introduced the price range of Tk 797,000 crore below the chairmanship of Speaker Shirin Sharmin Chowdhury and within the presence of Prime Minister Sheikh Hasina. That is the 54th price range of unbiased Bangladesh.
In his price range speech, the Finance Minister mentioned that the Prime Minister inaugurated the totally on-line common pension program on August 17, 2023, with the purpose of bringing the inhabitants above the age of 18 years below a sustainable and well-organized social safety construction. At current, this program is getting a large response.
He mentioned, we are going to carry the brand new recruits of all authorities establishments who’re getting pension advantages below the common pension system. The brand new recruits of autonomous and state-owned organizations have already been lined below this scheme. From July 1, 2025, we can even introduce this method for brand new recruits of different authorities establishments.
The Finance Minister mentioned that every one the retired authorities workers are getting their pension initially of the month by EFT. Livelihood verification by cell app has been launched on pilot foundation for pensioners.
This price range is 4.60 p.c greater than the price range of the outgoing fiscal yr 2023-24 below the motto of ‘Dedication to construct a contented, affluent, developed and sensible Bangladesh’. 35 thousand 215 crores greater than Rs. The scale of the price range for the outgoing monetary yr is 7 lakh 61 thousand 785 crores.
Within the new price range, the Annual Improvement Program (ADP) has been set at Tk 265,000 crore, which was Tk 2,63,000 crore within the outgoing fiscal yr. Within the new price range, the general deficit has been estimated at two lakh 56 thousand crores, which is 2 lakh 83 thousand 785 crores within the revised price range of the outgoing monetary yr. The entire income goal has been set at Tk 545,400 crore, which was Tk 5 lakh crore within the outgoing monetary yr.
Within the new price range, the GDP (gross home product) progress goal has been set at 6.75 p.c. 55 lakh 97 thousand 414 crores in rupees. Within the outgoing monetary yr which was 7.5 p.c. Later it was lowered to six and a half p.c. The price range goals to include inflation at 6.5 p.c.