National Budget 2023-24
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
We need an agricultural price commission to regulate prices
An independent body recommending viable prices for all commodities under its mandate, is something the government must consider.
Government implements carbon tax for multiple vehicle ownership
The government has implemented a carbon tax for owning multiple vehicles to lower carbon emissions, deal with city traffic, and encourage the use of public transportation.
Carbon tax on vehicles and the possible aftermath
While local car owners are already paying high taxes for vehicle ownership, this new carbon tax will exert a heavier toll on taxpayers who own more than one car.
Education in national budget: A dialogue of the deaf
Our education decision-makers have a narrative that largely denies any serious deficiency in the system.
Five concerns that the FY2024 budget fails to address
In light of the economic hardships Bangladesh has been going through, there were certain expectations from the national budget of 2023-24 fiscal year.
'Cut ADP allocation to contain inflation'
The government should adjust the budget expenses by cutting the allocation under the Annual Development Programme (ADP) and bringing down operating costs in order to contain inflation, said Ahsan H Mansur, executive director of the Policy Research Institute.
National Budget 2023-24: Of sweet accounting and sour economics
If we choose only 10 commodities and measure inflation, the figure will land at no less than 20 percent.
Stop blaming external factors for record-high inflation
Bangladesh government should own up to its mistakes
Govt aims to keep average inflation within 6%
In his budget speech for FY2023-24 at the national parliament today, Kamal said inflation would be largely controlled from here on.
Tk 100 crore to be allocated for skill development of youth and women
The finance minister presented the new budget for the fiscal year 2023-2024 in the parliament on Thursday.
Digital bank to be set up for financial inclusion
Finance Minister AHM Mustafa Kamal today in his budget speech said that a digital bank would be set up within the next fiscal year to broaden and accelerate financial inclusion efforts.
Bangladesh Bank's AI-based credit rating system to spot fake borrowers
Bangladesh Bank is planning on launching a digital bank with an AI-based credit rating system, as per Finance Minister AHM Mustafa Kamal in his latest proposal for the National Budget 2023-24.
Gold carrying limit for travellers to be halved, taxes to rise
The government proposed going for making the Baggage Rules 2016 stricter, lower the limit for the travellers in case of bringing in gold bar or gold pieces and impose higher taxes.
Allocation for education dips
Education ministries got a chop for the next fiscal year as the proposed development allocation for them is lower than the allocation of the outgoing fiscal year.
Imported software likely to get costlier
The prices of imported software are set to increase after Finance Minister AHM Mustafa Kamal proposed to increase the import duty from 5% to 25% on imported software in the proposed budget for the next fiscal year 2023-24.
Mobile handset prices to go up
The prices of mobile phones are set to increase in the upcoming fiscal as the government proposed raising value-added tax (VAT) on local production of handsets.
Universal pension scheme to be rolled out in FY24
The government plans to roll out the universal pension scheme in the coming fiscal year.
Cashew, dates could get pricier
Finance Minister AHM Mustafa Kamal today proposed imposing 15 per cent customs duty on cashew nuts and 25 per cent on both fresh and dried dates.