Bangladesh Budget 2023-24
Flats, houses to be costlier
Flats and houses will become expensive as the government has increased the duties on basic construction materials such as cement, steel and tiles in the proposed budget, said a top executive of a real estate company.
Tax return for credit card to bar financial inclusion
The tax on digital payments tools should be reduced and incentives should be given to encourage electronic payments in a bid to transform the country into a cashless society, said Syed Mohammad Kamal, country manager of Mastercard.
'Cut ADP allocation to contain inflation'
The government should adjust the budget expenses by cutting the allocation under the Annual Development Programme (ADP) and bringing down operating costs in order to contain inflation, said Ahsan H Mansur, executive director of the Policy Research Institute.
National Budget 2023-24: Of sweet accounting and sour economics
If we choose only 10 commodities and measure inflation, the figure will land at no less than 20 percent.
Benefit extension for consumer electronics ‘encouraging’
The extension of existing benefits for local consumer electronics industries through the proposed national budget is very encouraging, said Golam Murshed, managing director and chief executive officer of Walton Hi-Tech Industries, yesterday.
Focus on developing waterways in budget
The government’s budget should focus on developing inland waterways with a view to cutting goods transportation costs and reducing pressure on roadways, said the top executive of a logistics and container terminal operations management company.
Bangladesh’s budget deficit in FY24 could be at risk: Fitch Ratings
Bangladesh’s budget deficit forecasted by the government for the next fiscal year could be at risk if the growth undershoots the authorities’ relatively optimistic target, said Fitch Ratings.
Pro-poor, pro-people budget, criticism flawed: Info minister
Information and Broadcasting Minister Dr Hasan Mahmud has termed the proposed budget for the fiscal year 2023-24 as pro-people and pro-poor.
Tk 2,000 minimum tax discriminatory, contradictory: CPD
The think-tank presented FY24 budget analysis today
Can government implement this budget?
No budget in the last 14 years has been implemented fully
‘We did not frame budget in line with IMF prescriptions’
The government has not framed the national budget for the fiscal year of 2023-24 based on the prescription of the International Monetary Fund (IMF), said Finance Minister AHM Mustafa Kamal today.
Little cushion for people against inflation
In April, the inflation rate in Bangladesh stood at 9.24 percent. And for some, this economic term has become an issue for deliberation in brightly-lit air-conditioned conference rooms.
A budget divorced from reality
Self-contradictory is what best describes Finance Minister AHM Mustafa Kamal’s fifth budget, and the last of the Awami League-led government’s current term.
No remedy for default loans, forex crisis
Though higher default loans and declining foreign currency reserves have been identified as the biggest risks to the economy of Bangladesh in recent times, Finance Minister AHM Mustafa Kamal yesterday fell short of coming up with any definitive measure to address the twin issues save offering some words of hope.
Tax subsidy costs nation Tk 1.78 lakh crore in FY23
The total amount of tax subsidies given in the form of rebates, discounts, exemptions, and reduced rates has been calculated to be at Tk 1,78,241 crore in the outgoing fiscal year 2022-23.
