The parliament today passed the Tk 7,97,000 crore national budget for the 2024-25 fiscal year with the aim of achieving 6.75 percent GDP growth rate and keeping annual inflation at around six percent
Chattogram City Corporation (CCC) today proposed a budget of Tk 1981.52 crore for fiscal 2024-25
Two ruling Awami League MPs and a Jatiya Party MP today in parliament criticised the government for keeping the provision of whitening the black money in the proposed budget for 2024-25 fiscal
Also wants no tax on imported cars for new MPs
The parliament today passed the supplementary budget of Tk 30,643.51 crore for the fiscal 2023-24 to meet the increased expenditures under different ministries and divisions for the outgoing fiscal year ending June 30
Allocation of resources to the health sector and proper utilisation of that allocation are crucial for achieving universal health coverage (UHC)
Backtracking on its promise to eliminate black money, the government has once again made room to allow both individuals and companies to whiten money without facing scrutiny and by paying a 15 percent tax, a move that drew sharp criticism from economists and civil society.
Bangladesh truly is unique in the sense that its government keeps granting individuals the opportunity to whiten black money, despite its questionable record of success. An amount of Tk 78 crore was whitened in the 1977-78 budget, Tk 850 crore during 1987-90, Tk 1,000 crore during 2000-01, Tk 4,403 crore during 2005-06, Tk 9,683 crore during 2007-08, Tk 1,213 crore during 2009-10, and Tk 20,600 crore in 2020-21.
BNP Secretary General Mirza Fakhrul Islam Alamgir yesterday termed the proposed national budget “anti-Bangladesh”, saying it contains new schemes to facilitate the embezzlement of public money by the ruling party-backed looters.
In its first proposed budget after assuming power for a fourth consecutive term, the Awami League government skirted round some of the promises the party made in its election manifesto for the January 7 parliamentary polls.
The budget for the upcoming fiscal year, presented in the context of inordinately complex economic circumstances, reflects both the government’s restraint and limitations.
Despite repeated calls from educationists to increase the budget for education sector, the proposed allocation this fiscal year is still far behind the expected level.
Under the FY24-25 social safety net programme of Bangladesh, the pension for retired government employees and savings scheme interest payments account for nearly the same allocation as social assistance for the poor, the old and the disaster-struck.
