Despite repeated promises to better utilise the allocated funds for development, this fiscal year’s spending so far has been the lowest in eight years.
Unlike public sector retirees, private sector employees do not get pensions
In a highly competitive market like the egg market, one would expect prices to remain stable. They can rise, but over time.
The proposed national budget for the next fiscal year does not address the interests of electrical equipment makers, which goes against the government’s aim of establishing Bangladesh as an industry-intensive nation, said an official.
The Bangladesh Elevator Escalators and Lift Importers Association (BEELIA) yesterday demanded the withdrawal of the proposed duty on imports of elevators and escalators in the national budget for fiscal year (FY) 2023-24.
Bangladesh Bank is planning on launching a digital bank with an AI-based credit rating system, as per Finance Minister AHM Mustafa Kamal in his latest proposal for the National Budget 2023-24.
The government is planning on digitising 80% of information and processes on government services by 2023 and 100% by 2025, as per Finance Minister AHM Mustafa Kamal in his latest proposal of the National Budget 2023-24.
Despite being the last budget before the next general election, the government has little scope to unveil a big spending plan for the next fiscal year owing to limited fiscal space driven by lower-than-expected revenue collection, a noted economist said.
The macroeconomic stability that Bangladesh's economy has enjoyed for a long time has disappeared in the face of multiple challenges – from both external and domestic sources.
As an average millennial, what does the budget really mean to you? Terms, technicalities and jargon from the 343 chapters of the proposed budget are enough to send an average desk jockey into a tortuous-fuelled death spiral of confusion. This is why most reluctant millennials with no savings, or the capability to afford to own a home, remain unfazed by such fiscal highlights of the year. Unless, it disrupts the few pleasures they have in life.
We still have to wait and see how it will actually impact the market.
How can they contribute to the budget without taking part in the discussions?
The discussion is expected to play a positive role in formulating a youth-friendly budget.
Unnayan Shamannay, a non-governmental think-tank, today launched “Digital Budget Information Helpdesk” with an aim to enhance connectivity between the people and the budget-makers.
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 number of risks that our economy currently faces because of all the global instabilities is perhaps unmatched since the early days of Bangladesh’s independence. Amid this reality, the government is set to present the new budget early next month.
The national budget for the next fiscal year will be the third since the start of the Covid-19 crisis in March 2020. Can we expect it to address the current realities, contexts and challenges of Bangladesh?
Finance Minister AMA Muhith says the government will re-examine the quota system of the public service recruitment after the national budget.
BNP Secretary General Mirza Fakhrul Islam Alamgir says the government is going to place a big budget to “misguide people”. The government is raising the size of the budget every year to give people a wrong perception about the economic growth, he alleges.