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.
Corporate tax cut to 25%
But companies must go cashless
Govt eyes 4,000 rental-based flats for low-income people
The government has decided to construct 4,032 rental-based residential flats for low-income individuals during the new fiscal year
Govt plans to build three leather estates
The leather industrial estates will be located in Rajshahi, Chattogram and Dhaka
Health sector sees 0.19pc increase in FY25 budget
The government has decided to raise the allocation for health sector by Tk 3,356 crore in the proposed budget of fiscal year 2024-25 today
Offshore bank deposits exempted from excise duty
The development comes after Bangladesh Bank relaxed the rules and allowed banks to receive funds from OBUs amounting to 40 percent of their regulatory capital to settle payment obligations.
All cash-based govt transfers to go thru banks, MFS
At present, more than 93 percent of the cash-based social safety net programmes benefits are being paid through the G2P system. The remaining cash-based programmes will be brought under the system in 2024-25.
Don’t shrink social safety net even during austerity
No matter how tight the budget is, the social safety net sector has to be given its due importance.
The many immoralities behind the govt’s black money whitening scheme
What message is the government trying to send with its black money whitening facility?
Budget FY25: Power sector sees 15% allocation cut
The government has decided to cut 15 percent of allocation for the Ministry of Power, Energy and Mineral Resources in the proposed budget today..The allocation will be Tk 30,317 crore, which was Tk 34,819 crore last fiscal..Among the two divisions of the ministry, Power Division main
Govt expenditure reduced by Tk 47,367 crore in revised budget
The government has reduced its expenditure by Tk 47,367 crore in the revised budget for the outgoing fiscal year 2023-24, bringing it down to Tk 714,418 crore..In the budget for FY24, total government expenditure was estimated at Tk 761,785 crore..However, considering overall governm