Finance Minister AHM Mustafa Kamal
Inflation not nine-year high at 7.56%, it 5.9%: Kamal
Finance Minister AHM Mustafa Kamal criticised media for reporting that inflation hit a nine-year high in June.
Requesting IMF loan doesn’t mean anything is wrong with economy: Finance Minister
Confirming Bangladesh’s request for a loan from International Monetary Fund (IMF) Finance Minister AHM Mustafa Kamal has said that it does not mean the country's economy is in bad shape.
Inflation not nine-year high at 7.56%, it 5.9%: Kamal
Finance Minister AHM Mustafa Kamal criticised media for reporting that inflation hit a nine-year high in June.
A hike in fuel prices now will be too much to bear
Authorities must explore alternative options
JS passes Tk 17,524cr supplementary budget for FY 2021-22
Parliament today(June 13, 2022) passed the supplementary budget of Tk 17,524 crore for fiscal 2021-22 to meet the increased expenditures under different ministries and divisions.
Only 5.43% of total budget allocated for health sector
The health sector was yet again neglected in the national budget, with Finance Minister AHM Mustafa Kamal earmarking around Tk 36,864 crore -- 5.43 percent of the total budget -- for the sector.
Tk 16,000 crore subsidy for fertiliser proposed
The government is going to increase the subsidy by big margin for fertilisers in the next fiscal year (2022-23) due to the sharp rise in its price in the global markets.
6 challenges for Finance Minister
Finance Minister AHM Mustafa Kamal sees six major challenges for the fiscal year 2022-23:
Additional 1% cash incentive on garment exports to continue
The additional 1 per cent cash incentive on the export receipts of readymade garments would continue in the next fiscal year as the government looks to boost the shipment of clothing items.
5.6% inflation target set for FY2022-23
The government has set a 5.6 per cent inflation target in the proposed budget for the 2022-23 fiscal year although the prices of essentials and other commodities are persisting at higher levels.
Govt moves away from injecting funds into state banks
The government has no plans to inject capital into state-run banks as it has already taken several initiatives to put an end to this culture, Finance Minister AHM Mustafa Kamal said today.