Bangladesh National Budget
FY24 budget ignores fiscal policy as a tool for equitable growth
Any effort at halting inequality and reversing the trend has to start from a political commitment, an understanding of the factors at work, and adoption of necessary measures to attain the goals.
The budget does not inspire confidence
The recent downgrade by Moody's of the credit ratings of Bangladesh’s economy and some private banks is not the only indicator that confidence is declining.
National Budget FY2023-24 / Cause for frustration for common people
There is not much in it to make us feel better in terms of its focus and measures.
Four ways to boost clean energy in Bangladesh
Can the upcoming budget in Bangladesh guide the vulnerable power and energy sectors towards economic sustainability and energy security?
Now laptops to be more expensive
Laptop users in Bangladesh are set for a bigger hit as the imposition of a 15 per cent value-added tax at the import stage of the essential digital device would lift the prices further.
Corporate tax cut: Berger, Marico, United Power may miss benefit
The government has proposed a 2.5 percentage point cut in corporate tax rates for the listed companies in the national budget unveiled for the next fiscal year in a bid to develop the stock market and attract investments.
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 / Can local laptop and smartphone manufacturers make the most of the price increase?
We still have to wait and see how it will actually impact the market.
Budget 2022-23: More tax for the rich
Bank accounts with upwards of Tk 1 crore in balance are set to face a higher excise duty next fiscal year as the government looks to collect more taxes from the relatively well-off to get close to the lofty revenue collection target.
Budget 2022-23: Better targeted social safety net
The government is committed to using the long-overdue National Household Database (NHD) from the next fiscal year to better target the social safety net programmes, in a development that can infuse dynamism in the flat scheme.
National budget on June 9: Finance Minister
The budget of the upcoming fiscal year will be presented on the national parliament on June 9, Finance Minister AHM Mustafa Kamal said today.
Budget session to be held with minimum JS attendance, no Q/A session
This year’s budget session will take place with the presence of only those lawmakers who are essential for the day-to-day activities of the parliament in a bid to maintain social distancing and curb the risk of coronavirus infection.
Mobile bills may go up in next FY
Mobile phone users might have to spend more as the National Board of Revenue is expected to seek a hike in the supplementary duty (SD) on calls, data and other services in the coming fiscal year, said officials.
Time to work on basics
The Bangladesh economy is taxing for take-off -- for its long-haul flight to the developed country club, with couple of stopovers in between.
Reforms on cards
The new budget will provide directives on reforms in education and financial sectors and incentives for the stock market, the finance
‘Allocate 20pc of budget for education sector’
A platform for children calls upon the government to allocate 20 percent of the national budget for the education sector to ensure education for every child.
