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.
Good news for kidney patients
Dialysis to get more affordable as import duty on equipment to reduce
Want to rent a community centre? You need proof of tax return!
With the goal of expanding the tax net, the government has proposed that proof of tax return be submitted by individuals looking to avail the services of community centres, convention halls, or similar establishments
Understand the ins and outs of the budget with economist Dr Ashikur Rahman
From The Daily Star Newsroom
NBR introduces prospective tax rate for the first time
The tax administrator will retain 2024-25’s tax rate for this year and the next year
No more 'free ride' for MPs
25pc duty proposed on cars imported for lawmakers
Budget share for home ministry sees slight drop
The proposed budget share for the 2024-25 fiscal year for the home ministry has been slightly decreased in terms of the total budget compared to the outgoing fiscal year
Bulbs, tube lights may get pricier
The VAT on these products may rise to 15% from the existing 5%
Clothing irons may become more expensive
The VAT on the home appliance may rise by a 5 percentage points
Budget explained: Straight from The Daily Star newsroom
The Daily Star journalists explained the budget 2024-25 in simple words
Motorcycles over 250cc likely to get pricier
A 10% customs duty will be imposed on raw materials for the assembly of motorcycles with engine capacity exceeding 250 cubic capacity
