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.
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.
Tk 2,000 minimum income tax imposed
Individuals who are required to submit income tax returns to avail of various government services will have to pay a minimum tax of Tk 2,000 even if they do not have taxable incomes.
A middle-class family’s struggle to stay afloat amid soaring prices
As the cost of living continues to rise, it has becoming increasingly challenging for the middle class to maintain financial stability.
Allocation to science and technology ministry declines by 22%
The budgetary allocation to the Ministry of Science and Technology may decline by Tk 3,007 crore or 22 per cent to Tk 13,607 crore in the proposed budget for 2023-24 fiscal year.
EC’s budget raised by Tk 868cr in election year
The total budget for Election Commission increased by Tk 868 crore in the election year.
Kamal proposes formulating rules for tax return preparers
Finance Minister AHM Mustafa Kamal today proposed formulating rules for authorising tax return preparers (TRPs) in Bangladesh with a view to expanding the tax net by adding more individual taxpayers.
Watch: Bangladesh Budget 2023-24 live
Finance Minister AHM Mustafa Kamal unveils a proposed budget of Tk 761,785 crore for the 2023–24 fiscal year in the national parliament today.
Corporate tax rates remain unchanged for all
The government wants to keep the corporate tax rates unchanged for all sectors for the fiscal year 2023-24, said Finance Minister AHM Mustafa Kamal today.