Only 40 percent of social safety net budget catering to poor, vulnerable groups
The health ministry continues to struggle with utilisation of funds allocated in the national budget, like it did in the past few years.
The government is going to unveil a Tk 7,61,785 crore budget for the next fiscal year on Thursday, setting containment of high inflation as a major target.
Even though poor people are struggling to make ends meet amid runaway inflation, the government allocation for social safety net programmes may not increase much in the next fiscal year.
Three issues would be dictating the upcoming fiscal year’s budget, the last of the Awami League government’s present five-year term: the International Monetary Fund’s conditions, the persistently high inflation and next year’s national election.
The record subsidy allocation of Tk 82,745 crore is set to be topped up with another Tk 27,360 crore in the revised budget in the face of demands from ministries even after the notable price hike of gas, electricity and fuel.
While the government is distracted by elections, the financial economy will suffer
Bangladesh Bank is anticipating the pressure on the balance of payments will blow over by the end of this fiscal year thanks to hearty assistance from development partners –-- an outlook termed wishful by economists.
Inflation leads to the devaluation of a particular currency.
What do you do when wanderlust strikes, but you have just hit rock bottom on your wallet? Feed the lust, is what. Of course, travelling first class, shopping at branded stores and staying at five-star accommodation may not be on the cards for you but none of those things have anything to do with actual travelling. If you are already laughing, save the giggles for we may just change your mind by the end of this article.
We still have to wait and see how it will actually impact the market.
The government is going to increase the number of beneficiaries of disability allowance and their allowance amount.
The allocation for the education sectors in the proposed budget for the upcoming fiscal year of 2022-23 has reduced in terms of the Gross Domestic Product (GDP).
The government plans to boost exports by promoting large industries and send a record number of migrant workers abroad to raise foreign currency reserves.
The discussion is expected to play a positive role in formulating a youth-friendly budget.
What I failed to realise is that the price hike is a constant thing, it is steadily increasing every month or rather every week it now seems, and never coming down actually.
Hajj is one of the main rituals of Islam, and it takes tremendous physical and mental effort, as well as spiritual dedication. Because of the nature of it, like all types of pilgrimage, it can be quite challenging and requires certain preparations too. It's not a matter that can be taken lightly or suddenly decided upon. Hajj demands thorough and meticulous preparation that takes time.
Budgeting is perhaps the single most important tool that helps us manage our money wisely during volatile economic times.
The national budget for the next fiscal year will be the third since the start of the Covid-19 crisis in March 2020. Can we expect it to address the current realities, contexts and challenges of Bangladesh?