Bangladesh’s national budget for fiscal year 2024-25 is likely to be reduced by more than Tk 50,000 crore, with the entire cut expected to be made in funds meant for the annual development programme (ADP).
The interim government is planning to revise the national budget for the current fiscal year urgently and cut “wasteful expenditures” in order to alleviate the pressure on the foreign currency reserves and tame persistent inflation.
It fails to commit to reforms and address people’s sufferings
Budget admits we are in a crisis, but offers no direction out of it
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 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.
There is not much in it to make us feel better in terms of its focus and measures.
Can the upcoming budget in Bangladesh guide the vulnerable power and energy sectors towards economic sustainability and energy security?
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.
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.
We still have to wait and see how it will actually impact the market.
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.
Lack of resources is often cited as the key reason behind this.
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.
The budget of the upcoming fiscal year will be presented on the national parliament on June 9, Finance Minister AHM Mustafa Kamal said today.
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 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.
The Bangladesh economy is taxing for take-off -- for its long-haul flight to the developed country club, with couple of stopovers in between.
The new budget will provide directives on reforms in education and financial sectors and incentives for the stock market, the finance
