budget 2024-25
Budget ambitious, but achievable: Ficci
But extra duty and tax on telecom, carbonated beverages, water purifiers to hurt potential FDI, it said.
Cultural advocates voice frustration over FY25 budget allocation
Finance Minister Abul Hassan Mahmood Ali presented this proposed budget in the National Parliament on Thursday. However, representatives from the cultural sector have expressed dissatisfaction with this allocation, much like in previous years.
Bringing down inflation will be difficult: Unnayan Shamannay
Ongoing economic challenges will not make it easy to reduce inflation to 6.5 percent in the next fiscal year, said Atiur Rahman, the chairperson of Unnayan Shamannay
FY25 budget reaction: The direction of the budget is correct
The fundamental challenge facing policymakers in implementing a contractionary budget will be patience
Measures to reduce inflation and give relief to poor inadequate: CPD
The Centre for Policy Dialogue (CPD) today said that the government's target to reduce inflation to 6.5 percent in the fiscal year 2024-25 appears overly ambitious
Allocation for transport, energy drops slightly
The government has slightly reduced the allocations for transport and power and energy compared to the outgoing fiscal year.
Tk 100cr allocation proposed for tackling climate crisis
Finance Minister Abul Hassan Mahmood Ali has proposed to set aside a special allocation of Tk 100 crore for climate change and environmental protection in the national budget for the fiscal year 2024-25
No VAT on aircraft engine parts, propellers
Proposes budget; operators welcome the move
Good news for kidney patients
Dialysis to get more affordable as import duty on equipment to reduce
NBR introduces prospective tax rate for the first time
The tax administrator will retain 2024-25’s tax rate for this year and the next year
No more 'free ride' for MPs
25pc duty proposed on cars imported for lawmakers
Budget share for home ministry sees slight drop
The proposed budget share for the 2024-25 fiscal year for the home ministry has been slightly decreased in terms of the total budget compared to the outgoing fiscal year
Bulbs, tube lights may get pricier
The VAT on these products may rise to 15% from the existing 5%
Clothing irons may become more expensive
The VAT on the home appliance may rise by a 5 percentage points
Budget explained: Straight from The Daily Star newsroom
The Daily Star journalists explained the budget 2024-25 in simple words
Motorcycles over 250cc likely to get pricier
A 10% customs duty will be imposed on raw materials for the assembly of motorcycles with engine capacity exceeding 250 cubic capacity
Govt plans to build three leather estates
The leather industrial estates will be located in Rajshahi, Chattogram and Dhaka
Offshore bank deposits exempted from excise duty
The development comes after Bangladesh Bank relaxed the rules and allowed banks to receive funds from OBUs amounting to 40 percent of their regulatory capital to settle payment obligations.
All cash-based govt transfers to go thru banks, MFS
At present, more than 93 percent of the cash-based social safety net programmes benefits are being paid through the G2P system. The remaining cash-based programmes will be brought under the system in 2024-25.