The major index of the Dhaka bourse fell significantly today, the first trading day after the proposed national budget was placed in parliament on June 6
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.
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.
The government saw a budget surplus of Tk 11,865 crore in the first quarter of the current FY due to lower spending
Geysers and room heaters are not just appliances; they bring comfort and warmth to families.
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.
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?
In a rare show of anger and frustration, some ruling party and opposition lawmakers blasted the finance minister in parliament yesterday for his complete silence on the widespread irregularities in the banking sector during his budget speech.
It is hardly a subject that is discussed in the public domain nowadays, but one recalls “Digital Bangladesh” being the centrepiece of the ruling party's electoral campaign in 2008 and onwards. The aim was to transform the bureaucracy-ridden system, making it faster, more efficient and of course less prone to graft. But such a grandiose mission, till now, remains largely unaccomplished.
Our finance minister has proposed a mega budget of Tk 4,00,266 crore for FY2017-18, of which Tk 1,53,331 crore is earmarked for Annual Development Programme (ADP).
Proposed budget is not for the development of the people, BNP says in its budget reaction.
Finance Minister AMA Muhith says the government plans to introduce pension scheme for the private sector by the end of its tenure in 2019.