bangladesh budget
Bangladesh must improve transparency and openness of its budget process
Given Bangladesh's performance in Open Budget Survey 2023, there is room for improvement in the country's budget process.
Chronology of Bangladesh's National Budget: From 1972-73 to 2023-24
Finance Minister Abul Hassan Mahmood Ali will place the national budget for the fiscal year (2024-2025) at the Jatiya Sangsad this afternoon
Govt sets $110 billion export earnings for FY27
The government has set a target to export goods and services worth $110 billion in the fiscal year of 2026-27, which is double the earnings recorded in the last financial year
Next budget to see marginal hike as austerity measures linger
This will be the first meeting of the council since the new government took office after the January 7 parliamentary elections. Thus, it is the maiden meeting for the new finance minister on the budget and the overall macroeconomic situation.
'Proposed budget unscientific, non-political, bureaucratic'
CPD Distinguished Fellow Debapriya Bhattacharya says
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.
Budget has no reflection of people’s sufferings
An underwhelming budget at a time of overwhelming crisis
Remittances slide 10.27% in May
The reserves stood at $29.91 billion today in contrast to $42.20 billion during the same period a year ago.
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.
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.
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.
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.