The share of allocation for the primary and mass education and education ministries in the gross domestic product has fallen in the proposed national budget for the 2024–25 financial year.
The proposed Tk 94,711crore education budget is 11.88 per cent of the proposed Tk 7,97,000 crore total budget outlay, with its share in the GDP of Tk 55,97,414 crore being 1.69 per cent.
In the outgoing FY23–24, the proposed Tk 88,162 crore education allocation was 11.5 per cent of the Tk 7,61,785 crore total budget outlay, with its share in the Tk 50,06,782 crore GDP being 1.76 per cent.
The share of education allocation in the GDP was 1.83 per cent in the FY22–23 and 2.08 per cent in FY21–22.
The share of education allocation in the country’s GDP is gradually declining amid the educationists’ demands for GDP’s 6 per cent for education to recover the learning losses faced by about four crore students across the country during the Covid pandemic and for implementing the new national curriculum.
