National budget FY 23-24
Budget lacks tools to contain inflation
The measures taken in the proposed budget for the next fiscal year have failed to address the most difficult challenge of containing inflation, and as a result, the suffering of common people will increase further, the Centre for Policy Dialogue (CPD) said yesterday.
High Inflation: Worrying but under control
Finance Minister AHM Mustafa Kamal yesterday said that though he is worried about the elevated level of consumer prices, the situation is still under the government’s control.
Budget has no reflection of people’s sufferings
An underwhelming budget at a time of overwhelming crisis
Remittances slide 10.27% in May
The reserves stood at $29.91 billion today in contrast to $42.20 billion during the same period a year ago.
1.49 crore Bangladeshi expats work in 176 countries
Finance Minister AHM Mustafa Kamal in his budget speech revealed that more than 1.49 crore Bangladeshi workers are working in 176 countries across the world
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.
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.
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.
Universal pension scheme to be rolled out in FY24
The government plans to roll out the universal pension scheme in the coming fiscal year.
Tk 761,785 crore budget unveiled
The proposed budget will be 15.2 per cent of the Gross Domestic Product (GDP), according to the budget speech of the finance minister.
Bracing for budget of self-preservation
In 2019, when AHM Mustafa Kamal took charge as the finance minister, the Bangladesh economy was taxing for take-off for its long-haul flight to the developed country club.
‘High corporate tax for banks, insurers, telcos illogical’
High corporate taxes on banks, non-bank financial institutions, merchant banks, insurance companies and telecommunication companies are not logical as their profit is not high compared to capital, said Shahidul Islam, chief executive officer of VIPB Asset Management Company.
Voices of poor remain unheard in policymaking
The voices of disadvantaged groups, the poor and small entrepreneurs have remained unheard when it comes to policy-making as fiscal policies have been captured by vested sections of society, alleged Towfiqul Islam Khan, a senior research fellow of the Centre for Policy Dialogue.
Are tax policies addressing inequality?
Bangladesh’s economy has been growing at an average 6 per cent annually for the last two decades. Yet the country has witnessed a spike in income and consumption inequality.
No direct subsidy given to fuel oil: energy minister
State Minister for Power, Energy and Mineral Resources Nasrul Hamid told parliament today that the government does not directly give any subsidy to fuel oil..In reply to a query from AL MP Haji Selim, the state minister said BPC incurred a loss of about Tk 2,705 crore in 2021-22 fiscal, fo
FY23: A year of price shocks
Just a year ago, Aminur Rahman, a private sector employee living in Dhaka, could buy a moderate amount of essential goods, including rice, soybean oil, onions, salt and eggs, at Tk 553 from stores in Dhaka city