The government plans to raise the food subsidy allocation by 31 percent to Tk 9,500 crore in the upcoming fiscal year, aiming to ensure access to affordable food for poor and low-income households.
The interim government plans to reduce the national budget deficit to 3.6 percent of gross domestic product in the upcoming fiscal year -- the lowest in 14 years -- as it seeks to rebuild fiscal credibility, limit borrowing, and ease pressure from rising debt servicing costs.
Finance Adviser Salehuddin Ahmed speaks to The Daily Star
For the first time, the planning ministry has used a digital budget planning system to categorise spending based on economic codes
The railway ministry, the power division, and the primary and mass education ministry will see the biggest chop.
Interest payments and subsidies have absorbed nearly half of Bangladesh’s total budget expenditure in the first seven months of the current fiscal year, underscoring growing fiscal stress and raising concerns over public finances.
The government has reached a staff-level agreement with the International Monetary Fund for the fourth and fifth tranche of the $4.7 billion loan programme, putting to bed months of uncertainty over their disbursement.
The government is planning to significantly reduce its bank borrowing target in the upcoming fiscal year as it aims to narrow the budget deficit by scaling down the overall budget size.
The government plans to raise the food subsidy allocation by 31 percent to Tk 9,500 crore in the upcoming fiscal year, aiming to ensure access to affordable food for poor and low-income households.
The interim government plans to reduce the national budget deficit to 3.6 percent of gross domestic product in the upcoming fiscal year -- the lowest in 14 years -- as it seeks to rebuild fiscal credibility, limit borrowing, and ease pressure from rising debt servicing costs.
Finance Adviser Salehuddin Ahmed speaks to The Daily Star
For the first time, the planning ministry has used a digital budget planning system to categorise spending based on economic codes
The railway ministry, the power division, and the primary and mass education ministry will see the biggest chop.
Interest payments and subsidies have absorbed nearly half of Bangladesh’s total budget expenditure in the first seven months of the current fiscal year, underscoring growing fiscal stress and raising concerns over public finances.
The government has reached a staff-level agreement with the International Monetary Fund for the fourth and fifth tranche of the $4.7 billion loan programme, putting to bed months of uncertainty over their disbursement.
The government is planning to significantly reduce its bank borrowing target in the upcoming fiscal year as it aims to narrow the budget deficit by scaling down the overall budget size.
The government is set to reach an agreement with the International Monetary Fund over the exchange rate issue that has been holding up the release of the fourth and fifth tranches of the $4.7 billion loan programme soon.
In a country weighed down by high inflation, dwindling fiscal space and weak investments, now is not the time for illusions.
