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
Inflation battle must be at the centre of budget
Fighting raging inflation and putting the economy back on track have not been taken seriously as evidenced from the government’s delayed response, which set the scene for one of the worst economic crises in its history and an unprecedented prolonged period of higher consumer prices, said an economist.
Budget expands, goals are never met
The government is expanding the size of the national budget every year. However, it has fallen short of attaining its targets over the years, be that in terms of revenue collection or development expenditure.
Social spending gets less priority in lopsided budgets
In FY22, the spending on public services increased to 15 percent of the total actual expenditure, nearly double the rate in FY09. Similarly, spending on the transport and communication sector surged to 12 percent from 4.7 percent in FY09.
Narrowest budget deficit in a decade as govt to curb expenses
As the government wants to lower expenses, it is likely to contain the budget deficit to 4.6 percent of gross domestic product in the next fiscal year, a level seen a decade ago.
Next budget to be slightly expansionary
However, the minister did not respond when journalists asked how the budget could be expansionary when it will increase by only four percent compared to the current budget.
Budget For Fy25: 53pc rise in allocation for debt servicing
The government’s allocation to repay foreign debts may reach Tk 57,000 crore in the next budget, a 53 percent rise from the current year, putting further pressure on the country’s dwindling foreign currency reserves.
Fixed expenses to eat up 40pc of next budget
The government has to spend about 40 percent of the next budget on subsidies, interest payments, and salaries and allowances of government employees, which will limit its ability to spend on social safety net, health and education.
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.