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.
Imported software likely to get costlier
The prices of imported software are set to increase after Finance Minister AHM Mustafa Kamal proposed to increase the import duty from 5% to 25% on imported software in the proposed budget for the next fiscal year 2023-24.
Mobile handset prices to go up
The prices of mobile phones are set to increase in the upcoming fiscal as the government proposed raising value-added tax (VAT) on local production of handsets.
Universal pension scheme to be rolled out in FY24
The government plans to roll out the universal pension scheme in the coming fiscal year.
Cashew, dates could get pricier
Finance Minister AHM Mustafa Kamal today proposed imposing 15 per cent customs duty on cashew nuts and 25 per cent on both fresh and dried dates.
Property registration tax may double
Finance Minister AHM Mustafa Kamal today proposed doubling the property registration tax for the next fiscal year in order to increase the government’s revenue collection.
Phones, sweets, cigarettes, microwaves: What’s cheaper, what’s costlier
While placing the proposed national budget for the 2023-24 fiscal year today, Finance Minister AHM Mustafa Kamal has proposed changes to duties on different products, which will result in increase and decrease in their prices
Tax subsidy costs the 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 will be Tk 1,78,241 crore in the current financial year.
Electronic transfer of all social scheme funds on cards
The government will bring the payments of all cash-based social safety net programmes under the electronic fund transfer system from the coming fiscal year.
Govt raises allocation for ICT Division by 23%
The allocation for the ICT Division may increase by Tk 452 crore to Tk 2,368 crore in the proposed budget for 2023-24 fiscal year.
Social safety net allocation to rise 11%
Finance Minister AHM Mustafa Kamal today proposed increasing the social safety net programme allocation by 11 per cent year-on-year for fiscal year 2023-24.