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.
The many immoralities behind the govt’s black money whitening scheme
What message is the government trying to send with its black money whitening facility?
Budget FY25: Power sector sees 15% allocation cut
The government has decided to cut 15 percent of allocation for the Ministry of Power, Energy and Mineral Resources in the proposed budget today..The allocation will be Tk 30,317 crore, which was Tk 34,819 crore last fiscal..Among the two divisions of the ministry, Power Division main
Govt expenditure reduced by Tk 47,367 crore in revised budget
The government has reduced its expenditure by Tk 47,367 crore in the revised budget for the outgoing fiscal year 2023-24, bringing it down to Tk 714,418 crore..In the budget for FY24, total government expenditure was estimated at Tk 761,785 crore..However, considering overall governm
Mango bar, fruit juice to see a price hike
The government wants to raise VAT on the two items to 15% from existing 5%
Education allocation raised by 7.42pc
The government has proposed a raise in allocation in the education sector by 7.42 percent to Tk 94,710 crore in the budget for the next fiscal year compared to the allocation in the outgoing fiscal year
It's going to cost more to talk and browse from now on
In the fiscal year 2024-25 budget speech, Finance Minister Abul Hasan Mahmud Ali announced an increase in the supplementary duty on mobile phone calls and internet services. Effective immediately, the supplementary duty has been raised by 5 percent, bringing the total VAT on talk time and internet services to 20 percent from the previous 15 percent. This increase will be applied at the time of mobile phone recharge.
National Budget FY25: Three-year tax exemption for cashless tech jobs
The Finance Minister has put forward a proposition to exempt from tax the incoming arising from several tech-related business activities, on the condition that the business holder is a resident or a non-resident Bangladeshi. Furthermore, the tax exemption will last three years and only on the condition that all business activities of such a person are cashless.
Price of imported electricity meters to rise
The import duty has been increased from 15% to 25%
What gets cheaper, what gets costlier
In this year's budget, depending on the facilities given and withdrawn, prices of products may increase and decrease
Finance minister's full speech of budget fiscal 2024-25
Finance Minister Abul Hassan Mahmood Ali placed Tk 7,97,000 crore national budget for 2024-25 in parliament.