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.
Allocation rises for digitisation
The proposed budget for the upcoming fiscal year increases investment in digitising government services by 36.01 percent year on year.
Hike in source tax ‘absurd’
The proposed 1.5 percent tax at source on export is 'absurd' and 'abnormal' as such a high rate might hamper the growth of local
Private investment biggest challenge
The challenge of attracting private investment remains as daunting as ever, as the proposed budget did not give any clear outline to
Ambitious targets set deliberately
Finance Minister AMA Muhith yesterday said he deliberately set an ambitious revenue generation target in the upcoming budget, hoping for more tax collection by the National Board of Revenue. “I have said in the budget speech that it is deliberately ambitious,” he told reporters at a post-budget briefing in the capital's Osmani Memorial Auditorium.
Focus on fast-track projects
The government has given top priority to eight fast-track mega projects in the upcoming budget, setting aside Tk 18,727 crore for them.
Big dream, grim reality
Finance Minister AMA Muhith has really dreamt of a big budget in every respect -- from expenditure to revenue generation. And he no longer wants to live in the 6 percent GDP class to push beyond 7 percent. But his big dream promises to put extra pressure on people across the board, as he plans through his VAT and other tax proposals to extract that extra penny from every pocket.
An ambitious budget
The finance minister has presented the 45th annual budget of Tk3.4 trillion that is 29 per cent bigger than the last fiscal.
How will the government arrange the money?
I must say that the budget is too ambitious in terms of size. It's 15.5 percent larger than the current FY's initial budget and 29 percent higher than the revised one.
Budget anti-people
Opposition leaders yesterday termed the proposed budget for the next fiscal year anti-people and not feasible.
Super rich have to pay more taxes
The super rich would have to pay more tax as the budget proposed restructuring the surcharge on individual's net wealth and increase the maximum rate up to 30 percent.