Bangladesh National Budget FY2024-25
Tk 7,97,000 crore budget passed in parliament
The parliament today passed the Tk 7,97,000 crore national budget for the 2024-25 fiscal year with the aim of achieving 6.75 percent GDP growth rate and keeping annual inflation at around six percent
Budget ambitious, but achievable: Ficci
But extra duty and tax on telecom, carbonated beverages, water purifiers to hurt potential FDI, it said.
Power Grid gets large sums as govt prioritises transmission, distribution
In Bangladesh, the power generation capacity increased to 30,277 megawatts in 2023-24 from 4,942 MW in 2009, said Finance Minister Abul Hassan Mahmood Ali in his budget speech.
Textile, garment makers urge govt to reconsider their demands
Textile millers and garment makers in Bangladesh yesterday demanded that the government include some of their recommendations in the new national budget as many of the issues they raised remain unaddressed.
Power gets a third of Tk 108,240cr subsidies
More than a third of the subsidies allocated in the new budget is for the power sector due to what experts say is the huge spending on capacity charges.
Who will actually have to pay 30 percent income tax?
What is a progressive tax system? Well, it means that the income tax rate climbs up as the income increases. But that still doesn't mean that the raised income tax rate will apply for the entirety of someone's income
An uninspiring budget proposal
It fails to commit to reforms and address people’s sufferings
Cut in agri subsidy will hurt farmers
Economists say allocation for the agriculture sector in the new budget is inadequate, and it will not only hurt farmers but may also affect food production.
Implementing Budget For 2024-25: It’ll be challenging
Implementation of the new budget will be highly challenging in the current context of the Bangladesh economy, Metropolitan Chamber of Commerce and Industry (MCCI) said in a post-budget reaction yesterday.
AL manifesto: Budget passes over some key promises
In its first proposed budget after assuming power for a fourth consecutive term, the Awami League government skirted round some of the promises the party made in its election manifesto for the January 7 parliamentary polls.
Budget at a glance
Budget at a glance
Social Safety Net: Share of the poor dwarfed by others
Under the FY24-25 social safety net programme of Bangladesh, the pension for retired government employees and savings scheme interest payments account for nearly the same allocation as social assistance for the poor, the old and the disaster-struck.
Bad loans hit historic high
Default loans in the banking sector of Bangladesh hit an all-time high of Tk 182,295 crore, but no reform programme to reduce it has been announced in the budget for the upcoming fiscal year.
A fresh blow to stock investors
In yet another blow to stock market investors, the government plans to impose a capital gains tax on them from next fiscal year.
Budget falls short of what was needed
The macroeconomic imperative was to tighten the budget, particularly the domestic financing component of the budget deficit.
Energy sector overlooked: experts
They blame govt for focusing on imported solutions rather than own resources
Govt servants to come under Universal Pension Scheme
All government officials who will be recruited after July 1 next year will be incorporated in the universal pension scheme
Tk 100cr allocation proposed for tackling climate crisis
Finance Minister Abul Hassan Mahmood Ali has proposed to set aside a special allocation of Tk 100 crore for climate change and environmental protection in the national budget for the fiscal year 2024-25
No VAT on aircraft engine parts, propellers
Proposes budget; operators welcome the move