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.
Stress on forex reserves to ease soon: Kamal
Finance Minister AHM Mustafa Kamal today in his budget speech hoped that the ongoing stress in the foreign exchange reserves would improve in a short period of time.
Watch: Closer look into the 52nd national budget
Shanta Asset Management Ltd Vice Chairman Arif Khan talks to The Daily Star about the aspects of the new national budget
Healthcare spending up by just 3.2% even as budget sees 12.34% rise
The allocation for the health sector in the proposed budget for the 2023-24 fiscal year has been reduced to approximately 5 percent of the national budget from 5.4 percent in the outgoing fiscal year
NBR proposes withdrawing duties on 425 import items
The National Board of Revenue (NBR) has proposed withdrawing supplementary duty (SD) on 234 imported goods and regulatory duty (RD) on 191 imported goods in fiscal year 2023-24 to aid Bangladesh’s graduation from a least developed country (LDC) to a developing one by 2026.
1.49 crore Bangladeshi expats work in 176 countries
Finance Minister AHM Mustafa Kamal in his budget speech revealed that more than 1.49 crore Bangladeshi workers are working in 176 countries across the world
Govt aims to keep average inflation within 6%
In his budget speech for FY2023-24 at the national parliament today, Kamal said inflation would be largely controlled from here on.
Tk 100 crore to be allocated for skill development of youth and women
The finance minister presented the new budget for the fiscal year 2023-2024 in the parliament on Thursday.
Digital bank to be set up for financial inclusion
Finance Minister AHM Mustafa Kamal today in his budget speech said that a digital bank would be set up within the next fiscal year to broaden and accelerate financial inclusion efforts.
Gold carrying limit for travellers to be halved, taxes to rise
The government proposed going for making the Baggage Rules 2016 stricter, lower the limit for the travellers in case of bringing in gold bar or gold pieces and impose higher taxes.
Allocation for education dips
Education ministries got a chop for the next fiscal year as the proposed development allocation for them is lower than the allocation of the outgoing fiscal year.