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 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.
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.
