National Budget
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
Ministries asked to send budget execution plan by Oct 8
The finance ministry made the call through a circular
CCC announces Tk 1,887.28cr budget
Chattogram City Corporation today announced a proposed budget of Tk 1,887.28 crore for the fiscal year of 2023-24
38 govt services that would require min tax
According to the proposed budget for the next fiscal year 2023-24, if one wants to avail one of 38 types of government services, they will have to submit proof of filing income tax return along with a tax identification number (TIN)
Will this budget help foreign trade amid dollar crisis?
Rashed Al Mahmud Titumir, professor and chairman of the development studies department of Dhaka University, talks to The Daily Star about whether the proposed budget for the 2023-24 fiscal year may help the foreign trade of the country amid the persistent dollar crisis
Social safety net: Approach not a good fit for multiple crises
The need for expanding the coverage of social protection schemes with new approaches has never been felt so badly than now as people are struggling to keep their heads above water amid one crisis on top of another.
Govt to invest $80b for climate resilience
The government is planning to invest $80 billion to shift the country from climate-vulnerable to a sustainable climate-resilient country under Mujib Climate Prosperity Plan (MCPP) by 2030, Finance Minister AHM Mustafa Kamal said yesterday while unveiling the national budget for the fiscal year 2022-2023.
Universal pension starts from 2022-23
A universal pension scheme for citizens aged 61 and above will be introduced from fiscal 2022-23, said Finance Minister AHM Mustafa Kamal yesterday.
Broadband, smartphones, laptops to cost more
With prices of mobile phones and broadband internet set to go up in the next fiscal year, the proposed budget would not be favourable to further development of the ICT sector, experts have said.
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
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.
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.
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.
