Dhaka, June 11 -- Finance Minister Amir Khosru Mahmud Chowdhury has proposed to allocate Tk 173.45 billion for the power and energy sectors in the upcoming 2026-27 fiscal year,

The amount is Tk 3.93 billion higher than the allocation for the outgoing fiscal year.

In his budget speech in parliament on Thursday, he said that the allocation is based on the importance of the power and energy sectors, which have been struggling heavily since the Iran war.

The minister also highlighted the government's plans to deal with the sectors' high subsidies, import dependence and the impact of the West Asia crisis.

According to him, the cost of electricity generation has increased due to the Awami League government's "unplanned policies and its unli...