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.
Safety Net Allocations: Rise far from enough
Although the size of allocation for social security programmes has enlarged, the government has made no significant changes to cushion the vulnerable groups of people from persistent inflationary pressure.
It’s unrealistic, unattainable
The proposed budget for 2023-24 is unrealistic and unattainable as the challenges that caused the economic growth to decelerate, foreign exchange reserves to dip and inflation to surge in the past one year still persist, said economists and think-tanks.
A smart way to plunder public money: BNP
BNP yesterday described the national budget for the 2023-24 fiscal year as a smart one for plundering public money.
Trade bodies give mixed reactions
There is no new incentive for local industry development in the proposed fiscal budget
Imported lift prices to go up
He also proposed keeping the duty in force until June 30 of 2025.
No amnesty for black money stashed abroad from FY24
The unquestioned amnesty to bring back money stashed abroad is not going to continue in 2023-24 fiscal year, which begins in July.
FY24 budget is unjust, illogical, if not immoral: Debapriya
“If a person is not liable for tax, how can you really tax the person? This is a desperate attempt to increase direct taxes,” he added.
Prices of ballpoint pens to go up
Now several companies, including Matador, Olympics, Econo, RFL Group and Meghna Group of Industries, manufacture pens in Bangladesh.
Cause for frustration for common people
There is not much in it to make us feel better in terms of its focus and measures.
People's thoughts on budget for FY 2023-24
The budget for the financial year 2023-2024 has been presented in the Parliament. What do people think of this budget? What do they expect from it?