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
Don’t shrink social safety net even during austerity
No matter how tight the budget is, the social safety net sector has to be given its due importance.
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
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.
Excise duty exemption likely on offshore banking deposits
The development comes after Bangladesh Bank relaxed the rules and allowed banks to receive funds from the OBUs amounting to up to 40 percent of their regulatory capital to settle payment obligations.
Tight budget in austere times
With an aim to restore macroeconomic stability, reduce inflation, and contain pressure on foreign currency reserves, Finance Minister Abul Hassan Mahmood Ali is going to place a Tk 7,96,900 crore budget for the 2024-25 fiscal year tomorrow.
Falling healthcare budget forces people to spend more out of pocket
For instance, the outlay for the health sector was Tk 25,028 crore in 2021-22, representing 4.8 percent of the budget of Tk 518,188 crore. It was five percent in the previous fiscal year when the government spent Tk 21,647 crore under a Tk 460,160 crore budget.
Power, agriculture to drive up subsidies
The subsidies and incentive expenditures in the upcoming budget are going to be more than that of the current fiscal year.
FY25 budget should focus on the right priorities
The national budget of FY2024-25 is set to be announced at a time when Bangladesh’s economy is going through a difficult phase.
Keep spending on tight leash
The national budget for the fiscal year of 2024-25 is going to be presented in parliament on Thursday with monumental tasks ahead for the government to collect more revenues and contain stubbornly high inflation.