Finance Minister AHM Mustafa Kamal on Thursday proposed Tk37,052 crore as a climate-related allocation in the budget for the 2023-24 fiscal year.
The proposed allocation decreased slightly by Tk167.23 crore compared to the revised budget for the 2022-23 fiscal year.
The finance minister read out the proposals for the 2023-2024 fiscal year in parliament on Thursday.
The proposed allocation accounts for 54.09% of the total budget of the 25 ministries and divisions, while 9% is specifically for climate-relevant expenditures.
The allocation in the 2023-24 fiscal year is Tk5,643 crore more than the main climate-relevant budget allocation in 2022-23.
The climate-relevant allocation for the operational budget and the development budget has increased from 6.8% and 9.83% in 2019-20 fiscal year to 7.04% and 10.84% respectively in 2023-24.