Bangladesh National Budget 2022-23
Budget failed middle class
The proposed national budget has not safeguarded the country’s middle class, which is facing a three-pronged challenge of a discriminatory domestic economy, spiralling product prices in international markets and ongoing floods, said economist Debapriya Bhattacharya yesterday.
STAR BOOKS REPORT / Budget 2022-23: Is the publishing industry only an inconsequential afterthought?
With the Russia-Ukraine war continuing and the (consequent) wave of inflation that has struck the world, serious concerns for
‘To properly utilise health budget, we need a system overhaul’
Dr Syed Abdul Hamid, professor at the Institute of Health Economics in Dhaka University, talks the allocation for the health sector in the proposed national budget.
Does budget 2022-23 address inflation properly?
An analysis of the national budget 2022-23 for Bangladesh, amidst Covid recovery and the Ukraine-Russia war.
Education in budget 2022-23: Small mercies and dashed hopes
Educators and concerned citizens have been urging a major increase in public allocation for the education sector.
‘There’s a disconnect between the proposed budget and reality’
Dr Hossain Zillur Rahman, executive chairman of the Power and Participation Research Centre (PPRC), discusses the proposed national budget for the 2022-23 fiscal year with Eresh Omar Jamal of The Daily Star.
If you pay peanuts, you get monkeys
The allocation for education in the proposed budget for FY2022-23 leaves a lot to be desired.
Pay tax timely or lose utility connections
From the next fiscal year, the tax authority is going to introduce a provision of disconnecting utility services of taxpayers for their failure to pay undisputed revenue demand of the government.
Wheelchair, hearing aid to be cheaper
The prices of specialised wheelchair for the physically challenged may fall in the next fiscal year as the finance minister today proposed abolishing all kinds of taxes at the import stage of the item.
Broadband likely to be more expensive
A 10 percent supplementary duty on the import of optical fiber cable has been proposed in the new budget for FY 22-23. Md Imdadul Hoque, President of Internet Service Providers Association of Bangladesh (ISPAB), says that the increased taxation on optical fiber import will increase the price of broadband internet in the country.
How will the prices of consumer electronics fare up?
While most consumer electronic products will see an increase in their prices, a few consumer electronics are expected to have reduced prices after the proposed budget for the fiscal year 2022-2023.
5% advance tax on gold import goes
The government is set to withdraw a 5 per cent advance tax on the import of gold in the fiscal year of 2022-23 to encourage the import of the precious metal through formal channels and discourage smuggling.
Education budget only 1.83% of GDP
The allocation for the education sectors in the proposed budget for the upcoming fiscal year of 2022-23 has reduced in terms of the Gross Domestic Product (GDP).
Tech giants must submit income tax returns
Tech giants such as Google or Meta (Facebook) will have to submit income tax returns from next fiscal year.
Laptop prices set to increase
Laptop prices are set to increase, after Finance Minister AHM Mustafa Kamal proposed to impose a 15 percent value added tax (VAT) on imported laptops in the proposed budget for the next fiscal year 2022-23.
Cars, motorcycles to cost more
In the proposed budget for the fiscal year 2022-23, the supplementary duty has been increased for motor vehicles. This may increase the prices of cars and motorcycles.
Social safety net allocation to rise 5.5%
Finance Minister AHM Mustafa Kamal today proposed increasing the allocation by 5.5 per cent year-on-year for social safety net programmes carried out by the government.
6 challenges for Finance Minister
Finance Minister AHM Mustafa Kamal sees six major challenges for the fiscal year 2022-23:
5.6% inflation target set for FY2022-23
The government has set a 5.6 per cent inflation target in the proposed budget for the 2022-23 fiscal year although the prices of essentials and other commodities are persisting at higher levels.