Bangladesh’s national budget for fiscal year 2024-25 is likely to be reduced by more than Tk 50,000 crore, with the entire cut expected to be made in funds meant for the annual development programme (ADP).
The interim government is planning to revise the national budget for the current fiscal year urgently and cut “wasteful expenditures” in order to alleviate the pressure on the foreign currency reserves and tame persistent inflation.
It fails to commit to reforms and address people’s sufferings
Budget admits we are in a crisis, but offers no direction out of it
Any effort at halting inequality and reversing the trend has to start from a political commitment, an understanding of the factors at work, and adoption of necessary measures to attain the goals.
The recent downgrade by Moody's of the credit ratings of Bangladesh’s economy and some private banks is not the only indicator that confidence is declining.
There is not much in it to make us feel better in terms of its focus and measures.
Can the upcoming budget in Bangladesh guide the vulnerable power and energy sectors towards economic sustainability and energy security?
Laptop users in Bangladesh are set for a bigger hit as the imposition of a 15 per cent value-added tax at the import stage of the essential digital device would lift the prices further.
A platform for children calls upon the government to allocate 20 percent of the national budget for the education sector to ensure education for every child.
