budget 2024-25
Nutrition budget underutilised
Bangladesh does not have a dedicated nutrition budget. On top of that, ministries don’t utilise the full funds allocated to them for nutrition related activities, said speakers at an event yesterday.
From mobile users to metro commuters, Bangladeshis to face more tax
Mobile phone calls and metro rail commutes among other daily activities may cost more in the next fiscal year as the government looks to increase taxes to boost its revenue collections.
Make budget tight, control inflation
Prime Minister Sheikh Hasina yesterday directed the finance ministry to formulate a contractionary budget for the upcoming fiscal year to control inflation.
Health, education face spending cuts again
Education and health sectors are set to get less Annual Development Plan allocation than prescribed in the eighth five-year plan.
NBR may take host of measures to boost collection
The measures include keeping the tax-exempt income threshold unchanged at Tk 3.5 lakh, a move that is expected to increase revenue receipts and bring more people under the tax net.
Decent jobs, quality education should get top priority in budget
About 22 percent of the respondents placed top priority on decent jobs, 17.5 percent on quality education and 12 percent on social protection, said the associated report.
A third of budget spent on interest payments, subsidies
The government spent Tk 246,583 crore in July-January of 2023-24 out of the total budget of Tk 761,785 crore for the entire fiscal year, figures from the finance ministry showed. The outlay under interest payments and subsidies was Tk 88,226 crore, which was 36 percent of the allocation.
Govt asks ministries to brace for further belt-tightening in budget
Last week, the finance division issued a circular asking all ministries and divisions to send by April 29 their budget proposals for 2024-2025 and their expenditure plans for the following two financial years to help prepare the midterm budgetary framework.
Next budget to see marginal hike as austerity measures linger
This will be the first meeting of the council since the new government took office after the January 7 parliamentary elections. Thus, it is the maiden meeting for the new finance minister on the budget and the overall macroeconomic situation.
Nutrition budget underutilised
Bangladesh does not have a dedicated nutrition budget. On top of that, ministries don’t utilise the full funds allocated to them for nutrition related activities, said speakers at an event yesterday.
From mobile users to metro commuters, Bangladeshis to face more tax
Mobile phone calls and metro rail commutes among other daily activities may cost more in the next fiscal year as the government looks to increase taxes to boost its revenue collections.
Health, education face spending cuts again
Education and health sectors are set to get less Annual Development Plan allocation than prescribed in the eighth five-year plan.
Make budget tight, control inflation
Prime Minister Sheikh Hasina yesterday directed the finance ministry to formulate a contractionary budget for the upcoming fiscal year to control inflation.
NBR may take host of measures to boost collection
The measures include keeping the tax-exempt income threshold unchanged at Tk 3.5 lakh, a move that is expected to increase revenue receipts and bring more people under the tax net.
Decent jobs, quality education should get top priority in budget
About 22 percent of the respondents placed top priority on decent jobs, 17.5 percent on quality education and 12 percent on social protection, said the associated report.
A third of budget spent on interest payments, subsidies
The government spent Tk 246,583 crore in July-January of 2023-24 out of the total budget of Tk 761,785 crore for the entire fiscal year, figures from the finance ministry showed. The outlay under interest payments and subsidies was Tk 88,226 crore, which was 36 percent of the allocation.
Govt asks ministries to brace for further belt-tightening in budget
Last week, the finance division issued a circular asking all ministries and divisions to send by April 29 their budget proposals for 2024-2025 and their expenditure plans for the following two financial years to help prepare the midterm budgetary framework.
Next budget to see marginal hike as austerity measures linger
This will be the first meeting of the council since the new government took office after the January 7 parliamentary elections. Thus, it is the maiden meeting for the new finance minister on the budget and the overall macroeconomic situation.
CPD prescribes 3-point recipe to fix economy
The Centre for Policy Dialogue (CPD) has recommended the government restore macroeconomic stability, widen its fiscal space and ensure the best use of taxpayers’ money through appropriate prioritisation in the budget for the upcoming fiscal year.
