Bangladesh National Budget FY2024-25
Tk 7,97,000 crore budget passed in parliament
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
Whitening black money: 3 MPs slam govt for keeping the provision
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
JS passes over Tk 30,643.51cr supplementary budget for FY24
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
What can we learn about universal health coverage from global experiences?
Allocation of resources to the health sector and proper utilisation of that allocation are crucial for achieving universal health coverage (UHC)
Govt measures will tame rising inflation
Finance Minister Abul Hassan Mahmood Ali yesterday expressed hope that the government would be able to curb high inflation on the back of budgetary measures and the central bank’s steps.
Tax exemption in FY25 rises to Tk 163,000cr
Tax exemptions provided by the National Board of Revenue (NBR) are estimated to rise to Tk 163,000 crore in fiscal 2024-25 as the tax administration looks to ease the pressure on individuals and facilitate higher economic growth.
No concrete steps to address inflation, low reserves: CPD
The proposed national budget for fiscal 2024-25 lacks concrete measures for addressing the current economic concerns, such as runaway inflation and depleting foreign exchange reserves, the Centre for Policy Dialogue (CPD) said yesterday.
Lowest in 16 years in terms of GDP
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.
Social Safety Net: Share of the poor dwarfed by others
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.
The fault lines are catching up
The trade-off between growth and inflation is pretty apparent. It implies loss of employment and income. The critical factor in this respect is the availability and effective use of the government's fiscal space.
Budget falls short of what was needed
The macroeconomic imperative was to tighten the budget, particularly the domestic financing component of the budget deficit.
Budget embraces correct strategic direction
The recently proposed national budget for FY25 has remained a widely speculated topic for the people of this country
Energy sector overlooked: experts
They blame govt for focusing on imported solutions rather than own resources
Budget deficit may stoke inflation
A total expenditure of Tk 797,000 crore has been proposed with a total tax revenue of Tk 541,000 crore, resulting in a deficit of Tk 256,000 crore
Another mostly disappointing budget
Budget admits we are in a crisis, but offers no direction out of it
No good news for taxpayers
While the cost of living remains high, with the inflation rate hovering at over 9 percent throughout the year, no ray of hope came for the common people in the budget declared yesterday.
Tax on provident fund income to be at 15%
The tax rate on income from provident funds and other retirement funds, which are maintained by companies for their employees, will remain unchanged at 15 percent for the fiscal year 2024-25.