$27b health budget in the works
The government is preparing a $27 billion budget for the upcoming five-year health sector plan, up 52.5 percent from the ongoing programme that ends in June 2024.
5d ago
Now Fitch has negative outlook on Bangladesh
Bangladesh’s credit rating came under further threat yesterday as Fitch put the country on a “negative” outlook while giving a damning verdict on the central bank’s policy response to the fast-depleting foreign currency reserves.
6d ago
Govt’s bank borrowing in check
The government’s borrowing from the banking system has remained in check so far in the ongoing fiscal year thanks to lower expenditures and higher revenue collection.
1w ago
Revenue collection up 15% in Jul-Aug
Government revenue collection in the July-August period, the first two months of the current fiscal year of 2023-24, has increased by nearly 15 percent year-on-year, thanks to a rise in VAT from multinational companies.
1w ago
Inflation to cool in later part of FY24
Although higher consumer prices have persisted in the first few months of the current fiscal year, inflation in Bangladesh is going to cool in the later part of 2023-24 thanks to one external and two domestic factors, the Asian Development Bank (ADB) forecast yesterday.
1w ago
$250m budget support from WB in Nov
Bangladesh is expecting another $250 million in budget support from the World Bank after the government fulfilled the conditions laid out for the funding.
1w ago
Universal Pension Scheme: About 13,000 sign up in first month
About 13,000 people enrolled on the universal pension system in the month since Prime Minister Sheikh Hasina flagged it off, with private sector employees making the majority.
2w ago
Growing debt servicing now puts pressure on forex reserves
The cost of debt servicing has risen significantly amid a higher flow of loans from development partners and an elevated level of interest payments, compounding pressure on the foreign currency reserve of Bangladesh, official figures showed.
2w ago
September 27, 2023
$27b health budget in the works
The government is preparing a $27 billion budget for the upcoming five-year health sector plan, up 52.5 percent from the ongoing programme that ends in June 2024.
September 26, 2023
Now Fitch has negative outlook on Bangladesh
Bangladesh’s credit rating came under further threat yesterday as Fitch put the country on a “negative” outlook while giving a damning verdict on the central bank’s policy response to the fast-depleting foreign currency reserves.
September 24, 2023
Govt’s bank borrowing in check
The government’s borrowing from the banking system has remained in check so far in the ongoing fiscal year thanks to lower expenditures and higher revenue collection.
September 22, 2023
Revenue collection up 15% in Jul-Aug
Government revenue collection in the July-August period, the first two months of the current fiscal year of 2023-24, has increased by nearly 15 percent year-on-year, thanks to a rise in VAT from multinational companies.
September 21, 2023
Inflation to cool in later part of FY24
Although higher consumer prices have persisted in the first few months of the current fiscal year, inflation in Bangladesh is going to cool in the later part of 2023-24 thanks to one external and two domestic factors, the Asian Development Bank (ADB) forecast yesterday.
September 20, 2023
$250m budget support from WB in Nov
Bangladesh is expecting another $250 million in budget support from the World Bank after the government fulfilled the conditions laid out for the funding.
September 18, 2023
Universal Pension Scheme: About 13,000 sign up in first month
About 13,000 people enrolled on the universal pension system in the month since Prime Minister Sheikh Hasina flagged it off, with private sector employees making the majority.
September 17, 2023
Growing debt servicing now puts pressure on forex reserves
The cost of debt servicing has risen significantly amid a higher flow of loans from development partners and an elevated level of interest payments, compounding pressure on the foreign currency reserve of Bangladesh, official figures showed.
September 16, 2023
Liquidity stress at Islamic banks shows no sign of abating
Liquidity in Shariah-based banks in Bangladesh remains tight due to a dip in deposit collection and the banks’ inability to make the most of the central bank support to overcome the situation, Moody’s Investors Service said in a report.
September 15, 2023
BBS data lays bare devastating impact of Covid-19
The scale of the immediate but devastating effects of the Covid-19 pandemic on Bangladesh’s economy emerged for the first time after the Bangladesh Bureau of Statistics (BBS) published the quarterly data of the GDP to meet IMF’s conditions.
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