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
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.
Govt’s overdependence on loans hurting private sector
Since the government’s annual development programme (ADP) is mostly reliant on loans, the private sector often finds it difficult to borrow from the banking system, according to the Centre for Policy Dialogue.
CPD’s 3 recommendations for next budget
The Centre for Policy Dialogue (CPD) has recommended the government restore macroeconomic stability, widen fiscal space and ensure the best use of public resources through appropriate prioritisation in the upcoming budget for 2024-25
Inflation and not so SMART interest rates
The failure to tame inflation not only imposes a steep tax on the poor and the middle class, it also erodes economic competitiveness.