15% Reduction in Power Sector Allocation: FY25 Budget

Industry: Energy & Power, Power
Economic Tag: Govt.

In the proposed budget for FY2024-25, the Ministry of Power, Energy, and Mineral Resources faces a 15% reduction in allocation, with Tk 30,317 crore allocated compared to Tk 34,819 crore in the previous fiscal year. The Power Division bears the brunt of this cut, while the Energy and Mineral Resources Division sees a slight increase. Despite the cut, the government emphasizes its commitment to power sector development, citing ongoing projects and plans to increase power generation capacity. Special allocations for renewable energy and the blue economy are proposed. However, concerns arise over the impact of reduced allocations on sectoral growth and development.

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