Bangladesh economy
NBR set to miss revenue generation target again
The National Board of Revenue (NBR) reached 76 per cent of its Tk 330,000 crore revenue generation target in the outgoing fiscal year, meaning it is going to miss its full-year goal once again.
Fuel prices may go up by at least Tk 10
The government is bent on raising fuel prices by Tk 10-30 each litre, despite vehement opposition from consumer rights groups and experts.
NBR set to miss revenue generation target again
The National Board of Revenue (NBR) reached 76 per cent of its Tk 330,000 crore revenue generation target in the outgoing fiscal year, meaning it is going to miss its full-year goal once again.
Metro rail can save Tk 3,500cr every year
The country’s first metro rail, once launched, will save around Tk 3,500 crore annually in terms of travel time and vehicle operation costs, metro rail authorities said.
7.5pc GDP growth target unrealistic, says economist
The national budget for fiscal year 2022-23 predicted a gross domestic product (GDP) growth of 7.5 per cent, which is unrealistic and not objective, AB Mirza Azizul Islam, former adviser to the caretaker government, said yesterday.
Budget 2022-23: Inflationary concerns not addressed adequately
If one looks at the inflationary measures that are proposed in the FY2022-23 budget, there are ample reasons to be frustrated.
“A budget, which will let us breathe a sigh of relief”
Finance Minister, AHM Mustafa Kamal will be presenting the proposed budget for the financial year of 2022-2023 on Thursday, June 9, 2022. Alongside the general public, Bangladeshi celebrities and stars also have certain expectations from the government in regards to the upcoming budget. Actor Sohel Rana, musician Kumar Bishwajit, actor Riaz Ahmed and actress Meher Afroz Shaon spoke to The Daily Star about their expectations for the budget.
Govt’s borrowing from banks to go up
The government’s borrowing from the banking system has started to go up mainly due to its lacklustre performance in revenue collection and falling investment in savings certificates.
FY 2022-23 budget to be cautiously larger
The government is preparing the budget in a cautious way, refraining from increasing expenditure by too much of an extent, keeping in mind the ongoing global economic crisis stemming from the pandemic and Russia-Ukraine war, State Minister for Planning Shamsul Alam said.
Regulator steps up efforts to stop freefall of stocks
The stock market regulator in Bangladesh has stepped up its efforts to forestall the freefall of shares despite criticism from institutional investors and analysts as uncertainty is deepening owing to the raging Ukraine war, persistently higher inflation and fresh coronavirus flareups.
GDP: A misleading measure of development
Annual GDP refers to the financial value of all the products and services produced in a country in a given year. This means as a country’s financial transactions increase, so does GDP.