Bangladesh Budget 2023-24
Is Bangladesh at a triple crossroad?
Bangladesh has always battled and progressed through crises. But what future awaits us?
The high cost of failing to reform the cigarette excise tax
Using a tax simulation model, we assessed the expected impact of the tax and price increases on cigarette consumption, tax revenues, and health outcomes and compared it with current budget proposals.
National Budget FY2023-24 / Three perils unaddressed in the new budget
It is not clear how the money needed to implement this ambitious budget will be sourced.
The water tank with many holes
The man eager to pay back his debt is becoming a rarity. Yet, he represents the hardworking, honest Bangladesh that can bring real change to the system.
Budget lacks tools to contain inflation
The measures taken in the proposed budget for the next fiscal year have failed to address the most difficult challenge of containing inflation, and as a result, the suffering of common people will increase further, the Centre for Policy Dialogue (CPD) said yesterday.
High Inflation: Worrying but under control
Finance Minister AHM Mustafa Kamal yesterday said that though he is worried about the elevated level of consumer prices, the situation is still under the government’s control.
National Budget 2023-24 / Education lags again in funding and action
The new budget has not displayed cognisance of the need for post-pandemic recovery and remedial actions.
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.
National Budget FY2023-24 / Cause for frustration for common people
There is not much in it to make us feel better in terms of its focus and measures.
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.