budget
Dhaka bourse’s major index hits 38-month low
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
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.
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.
Govt sees budget surplus of Tk 11,865cr in Q1
The government saw a budget surplus of Tk 11,865 crore in the first quarter of the current FY due to lower spending
Gadgets on a budget: Things you need to know about geysers and heaters
Geysers and room heaters are not just appliances; they bring comfort and warmth to families.
Why is government support for poor going to non-poor?
Only 40 percent of social safety net budget catering to poor, vulnerable groups
Utilising Funds: Health ministry fares worst, yet again
The health ministry continues to struggle with utilisation of funds allocated in the national budget, like it did in the past few years.
Reining in inflation top priority
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.
Raging Inflation: Not much help on the way for the poor
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.
How will the government arrange the money?
I must say that the budget is too ambitious in terms of size. It's 15.5 percent larger than the current FY's initial budget and 29 percent higher than the revised one.
Prices down, prices up
The finance minister proposes changes to duties and taxes on different products, which will result in increase and decrease in their prices.
Electronic cash register outside district towns to be mandatory
To ensure deposition of VAT by traders outside district towns, the government has planned to make it mandatory for trading units outside the district towns to use Electronic Cash Register (ECR) and point of sale (POS) system.
No change in tax-exempted income threshold for individuals
The government has decided not to bring any change to seven tax rates, which include tax-exempted income-threshold for individual tax payers.
Allocation for education: Muhith proposes 32% increase
The government has proposed raising allocation in the education sector by 32 percent to Tk 49,009 crore in the next fiscal year compared to the allocation in the outgoing FY.
Package VAT doubled for small traders
In face of protests from businessmen, the government has decided not to implement a flat VAT rate for small traders and instead almost doubled the package VAT.
Mobile phone use to get costlier
Cost for mobile phone use will increase in the next fiscal as Finance Minister AMA Muhith proposed to hike the duty on SIM card-related services to 5 percent.
Muhith unveils national budget for FY 2016-17
Finance Minister AMA Muhith has been unveiling Tk 340,605 crore national budget for the fiscal year 2016-17 – what is around 29 percent bigger from the current fiscal year.
Why is the education budget not larger?
On average, a teacher handles 50 students, when it should be no more than 30. Can it be denied that much more should be spent on primary education and at other stages of education?
Demand to hike budget for migrants, their families
Activists have demanded that the government increase budgetary allocation for migrants and their families in the upcoming national budget of 2016-17.