The failure to tame inflation not only imposes a steep tax on the poor and the middle class, it also erodes economic competitiveness.
The members of parliament are not adequately involved in formulating the national budget even though they are an integral part of the parliament, Jatiya Party Co-chairman Anisul Islam Mahmud said yesterday.
On paper, Tk 126,272 crore, the amount earmarked for social safety net programmes, looks to be a hefty sum. But the sum flatters to deceive: as much as 60 percent would be going towards those not in dire need.
There is not much in it to make us feel better in terms of its focus and measures.
Finance Minister AHM Mustafa Kamal today in his budget speech hoped that the ongoing stress in the foreign exchange reserves would improve in a short period of time.
The allocation for the health sector in the proposed budget for the 2023-24 fiscal year has been reduced to approximately 5 percent of the national budget from 5.4 percent in the outgoing fiscal year
The National Board of Revenue (NBR) has proposed withdrawing supplementary duty (SD) on 234 imported goods and regulatory duty (RD) on 191 imported goods in fiscal year 2023-24 to aid Bangladesh’s graduation from a least developed country (LDC) to a developing one by 2026.
In his budget speech for FY2023-24 at the national parliament today, Kamal said inflation would be largely controlled from here on.
The finance minister presented the new budget for the fiscal year 2023-2024 in the parliament on Thursday.
Since the budget is a political process, the rules of the budgetary game are set within that continuum.
The government’s foreign debt servicing burden may rise by as much as 45 percent in the next fiscal year due to the devaluation of taka and higher utilisation of foreign loans in recent years.
Amidst the steep rise in commodity prices, and a sky-high aspiration of sustaining GDP growth, what are the major challenges of creating an effective budget for Bangladesh this year? What should we look for from the FY 23-24 budget?
The budget for the 2023-24 fiscal will be passed in parliament on June 26 while the Finance Bill will be passed on June 25
The two AI tools marked what should be Bangladesh' priority
Owners of more than one car are likely to face an environmental protection surcharge from the upcoming fiscal year as the government plans to discourage the use of vehicles in a bid to contain carbon emissions and air pollution.
Bangladesh’s economy is in its worst state in recent history, and the situation may worsen if the policymakers do not address the problems by employing the appropriate policy tools, the Centre for Policy Dialogue (CPD) said yesterday.
Life for those who are planning to get married in the southern side of Dhaka city is about to get a little more difficult than it usually is.
Even though poor people are struggling to make ends meet amid runaway inflation, the government allocation for social safety net programmes may not increase much in the next fiscal year.
In the end, was the government’s austerity stance just lip service?
