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.
Budget has no reflection of people’s sufferings
An underwhelming budget at a time of overwhelming crisis
Face wash to be pricier
The prices of face wash items are likely to be increased as the government has proposed increasing tax on face cleansers in the national budget for 2023-24 fiscal year.
Container imports to be duty-free
The National Board of Revenue (NBR) has proposed a duty-free facility for containers carrying import and export goods in 2023-24 fiscal year.
17.2% increase in allocation for aviation, tourism sectors
A total of Tk 6,597 crore has been proposed for Civil Aviation and Tourism Ministry in the budget for 2023-24 fiscal aiming at upgrading the aviation sector as well as expanding tourism industry to meet the global standards.
No good news for stock market investors
The stock market stakeholders have been demanding for widening the tax gap between listed and non-listed companies by lowering the corporate tax for listed companies in order to encourage more companies to go public.
There is no consistency or logic in the targets set in the budget
We should have focused on addressing the macro-fundamentals, which would create a launching pad for the coming year’s fiscal flow.
Budget unrealistic, unattainable: CPD
In the context of ongoing crisis and problems, the macroeconomic projections announced in the budget are illusional and unattainable, the Centre for Policy Dialogue said in its instant budget reaction.
FY24 budget unrealistically ambitious and disappointing
The budget document has done a routine job of presenting estimates of earnings and proposals for expenditures. In doing so, it has been cast within the framework of politically determined targets of GDP growth, inflation rate, and budget deficit. The additional consideration of meeting the conditions of IMF loan has also come in, although not explicitly mentioned.
Digital filing launched to 'improve govt decision-making'
The government is upgrading its document filing and transfer system to improve its decision-making process, Finance Minister AHM Mustafa Kamal said in his budget speech today.
Per capita income will be $12,500 in Smart Bangladesh: Kamal
Less than 3 per cent of people of Bangladesh will be below the poverty line and extreme poverty will be reduced to zero by then, he said in his budget speech.