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.
Govt withdraws VAT on laptops at import stage
The government has brought some changes in the duty structure for importing laptops in order to make the devices more affordable and bring relief to freelancers and students..The government plans to increase import duty of laptops from 5 percent to 10 percent and at the same time wants to
Shelled cashew nuts may get pricier
Finance Minister Abul Hassan Mahmood Ali today proposed imposing a 5 percent import duty and a 10 percent regulatory duty on shelled cashew nuts.
First Tk 3.5 lakh in income still tax free
Threshold increased for women, senior citizens, physically challenged persons, third gender, freedom fighters
Pay 15% tax to whiten black money
None will raise question if a taxpayer pays a 15 percent tax for immovable properties
Minimum tax unchanged
Tk 5,000 for those under Dhaka, Chattogram city corporations
Ice cream, soft drinks to get costlier
The government plans to raise supplementary duty by 5 percentage points
VAT on SIMs may go up by Tk 100
SD on SIM will be raised to 20% and VAT on eSIM will be increased to Tk 300 each
AC, refrigerator set to be costlier
Flat 7.5% VAT imposed on these appliances
Cigarettes to get costlier
The supplementary duty will be raised by 1 percentage point
What is the difference between household budget and national budget?
The budget of a country and a household depends mainly on income and expenditure, although these two budgets do differ in a few ways