National Budget
Implement budget with transparency: PM
Besides, the Cabinet approved in principle the draft of the Institute of Frontier Technology Act, 2014, to establish the institute in Madaripur's Shibchar
New budget to take Bangladesh one step forward: PM
Prime Minister Sheikh Hasina today said the proposed national budget for the 2024-25 fiscal year was not "ambitious", vowing to take Bangladesh forward
Part: 3 BUDGET IN FOCUS / Startups neglected in proposed budget
The proposed budget for fiscal year 2024-25 offered no relief to startups and neglected their long-standing demands, in sharp contrast with the government’s vision for a Smart Bangladesh, where startups are key economic drivers.
Budget session at parliament June 5
The budget session of this year will begin from June 5. The House will go into sitting at 5:00pm, said a press release of the Parliament Secretariat. This will be the third session of 12th parliament. President Mohammed Shahabuddin convened the budget session today exercising the power bestowed upon him as per clause (1) of article 72 of the constitution.
CPD’s 3 recommendations for next budget
The Centre for Policy Dialogue (CPD) has recommended the government restore macroeconomic stability, widen fiscal space and ensure the best use of public resources through appropriate prioritisation in the upcoming budget for 2024-25
Economic stability must be the focus of budget: economists to finance minister
The upcoming national budget for fiscal year 2024-25 should focus on macroeconomic stability, reducing default loans and expenditure in mega projects, according to economists
Trillion-dollar investment needed in logistics to turn Bangladesh developed nation
DCCI said the size of the economy would have to be $2.5 trillion to become a developed nation by 2041
Govt turning to all partners for budget support
The government is expecting $2.5-3 billion by June next year from multilateral lenders other than the International Monetary Fund to help the Bangladesh economy weather the storm caused by the Ukraine war.
Tk 678,064cr national budget for FY 2022-23 passed in parliament
Parliament today (June 30, 2022) passed the Tk 678,064 crore national budget for the fiscal year 2022-23, with the theme “Return to the Path of Development Leaving the Covid-19 Behind” to overcome the impact of coronavirus pandemic and Russia-Ukraine war on the economy.
Govt can save up to Tk 5,500cr with austerity measures: Finance Ministry
The government can expect to save up to Tk 5,500 crore for the austerity measures taken so far to preserve the foreign exchange reserves and tame inflation, according to the finance ministry.
Gold import: Advance tax withdrawn
Withdrawal of the existing 5 percent advance tax on gold import has been proposed in the budget for fiscal 2022-23 to encourage import of the precious metal through formal channel and discourage its smuggling.
Subsidy allocation: 54pc rise proposed
The government has proposed an allocation of Tk 82,745 crore to run its subsidy programme for 2022-23, an increase of 53.7 percent from this fiscal year’s original outlay, creating a challenge to macroeconomic stability.
Where is the money going?
Let’s consider, for the ease of understanding, that the government has proposed an expenditure plan involving Tk 100. In this
Job creation: an empty promise
Although Bangladesh is witnessing a golden hour in terms of demographic dividend, a lack of decent employment opportunities in the country is leading to rising unemployment among educated youths, according to experts.
BUDGET SNIPPETS
The tax-free income limit for individuals has been kept unchanged at Tk 300,000 for the next fiscal year. The threshold for women, senior citizens, individuals belonging to the third gender, physically challenged persons and wounded freedom fighters also did not see any change.
Tax measures: Relief for the rich, burden for others
Over the last couple of months, various sections of society called upon the government to raise the tax-free income limit amid the rising cost of living.
Middle class: A slur is all they get
The new budget provides nothing for the uncle next-door who has spent his life pinching pennies in a rented flat, nothing for the millennial slogging away 60 hours a week and still wondering how to pay for their second child’s school fees, nothing for the mother hesitating to buy beef for a special day.