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.
Budget 2024-25 - full coverage
Here are the latest updates on proposed budget for fiscal 2024-25
Cabinet approves proposed National Budget for FY 2024-25
The meeting was presided over by Prime Minister Sheikh Hasina at the cabinet room of the Jatiya Sangsad Bhaban
Chronology of Bangladesh's National Budget: From 1972-73 to 2023-24
Finance Minister Abul Hassan Mahmood Ali will place the national budget for the fiscal year (2024-2025) at the Jatiya Sangsad this afternoon
Finance minister set to unveil Tk 7,97,000 crore budget
Finance Minister Abul Hassan Mahmood Ali is going to unveil his as well as the new government’s first budget today.
Spending on education falls short of expectations
For example, when the Dakar Declaration came in 2000, the country said it would spend 6 percent of GDP on education. The United Nations Educational, Scientific and Cultural Organisation recommends earmarking four to six percent of the GDP for the sector.
How far have fiscal measures promoted industrialisation?
Experts and businesspeople also highlighted the challenges linked with the current tax and incentive system.
A wounded economy, another perilous year
It’s not the best of times. It’s not the season of light. The future will tell whether it’s the period of Dickensian despair on the economic front. But this is not the moment for business as usual, for sure.
Govt to rely more on local banks than foreign funds
The government will rely more on domestic bank borrowing than foreign financing in the next fiscal year, intensifying pressure on the economy.
What is the national budget and why should you care?
Every media outlet is already flooded with news about the annual budget for the 2024-25 fiscal year to be placed at the parliament tomorrow
Duty benefit for washing machines, refrigerators likely to stay
For air conditioner and refrigerator manufacturing industries, the government plans to extend the existing facility to June 2026, according to the finance ministry.