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
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
DCCI said the size of the economy would have to be $2.5 trillion to become a developed nation by 2041
The finance ministry made the call through a circular
Chattogram City Corporation today announced a proposed budget of Tk 1,887.28 crore for the fiscal year of 2023-24
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)
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
The government should take adequate measures to make it easier for businesses to operate, said a noted entrepreneur.
The budget should focus on time-befitting strategies in order to cut the cost of doing business and raise trade and investment competitiveness, said Rizwan Rahman, president of the Dhaka Chamber of Commerce and Industry (DCCI).
The budget for the next fiscal year should be framed by taking into account the new challenges facing the economy and the cost of living crisis confronting people, said a noted economist.
The government must ensure a prudent macroeconomic management and coordination between fiscal and monetary policies to help Bangladesh ride out the current crisis, said Monzur Hossain, research director of the Bangladesh Institute of Development Studies.
The government should control import demand and cut public expenditure to lessen pressure facing the economy as well as expand social safety net programmes to help poor and low-income households cope with higher inflation, said Zahid Hussain, a noted economist.
What is the purpose of the national budget? In essence, it is to allocate scarce resources.
How can they contribute to the budget without taking part in the discussions?
The government plans to boost exports by promoting large industries and send a record number of migrant workers abroad to raise foreign currency reserves.
The government is not keeping a separate allocation for vaccines in the next fiscal year’s budget as it pulls back from vaccine procurement given the high inoculation rate and low infection rates.
Wishful thinking -- is what best describes the maiden tax amnesty campaign the government is planning to lure money back home next fiscal year.