The challenge of inflation is beyond the budget, noted economist Ahsan H Mansur said on Thursday (6 June). "But the budget plays a supporting role. What really plays a major role is the government's monetary policy. And the monetary policy has been tightened to a large extent… We have to be
Business
Budget 2024–25: Prices up, prices down
The national budget for the fiscal year 2024-25 proposes hikes in duties and value-added tax (VAT) on various products and services, leading to price increases. In contrast, some products will become less expensive due to VAT and duty reductions. Items to become costlier Mobile SIM cards: The tax on SIM card sales
Tk 2.65 lakh crore ADP set for FY25
The government has set the Annual Development Programme (ADP) outlay at Taka 2,65,000 crore for the next fiscal year (FY25) putting highest allocation in the transport and communication sector. "For the upcoming FY 2024-25, the budget size has been estimated to be Taka 7,97,000 crore, which is 14.2 percent of the
Tk 38,143cr proposed for Road Transport and Highways Division
Govt takes steps to ensure compliance in 1550 RMG factories during FY25
Finance Minister AH Mahmood Ali in his budget speech today said a target has been set to ensure compliance in 1550 factories in the ready-made garment sector during fiscal year 2024-25 (FY25) with a view to ensuring a decent work environment. Placing the national budget for fiscal year 2024-25 in the
Tk 2,510cr proposed for Industries Ministry
The government has allocated Tk. 2,510 crore in the proposed budget for FY2024- 25 for the Ministry of Industries. “I am proposing a budget allocation of Tk. 2,510 crore in the budget for FY2024-25 for the Ministry of Industries,” said Finance Minister Abul Hassan Mahmood Ali while placing around Taka 7.97
Tk 5,695cr budget for civil aviation, tourism
A total of Taka 5,695 crore has been allocated for Civil Aviation and Tourism Ministry in the proposed budget for 2024-25 fiscal year (FY) to support growth of local aviation operators as well as increasing tourism contribution to the national economy. The allocation in the proposed budget is Taka 655 crore less than the
Chronology of national budget of Bangladesh
Finance Minister Abul Hassan Mahmood Ali is set to place the proposed national budget for fiscal year (2024-2025) at the Jatiya Sangsad this afternoon. This will be the country's 53rd budget and the 25th of the Awami League government in six terms. Tajuddin Ahmed presented the country’s first budget as finance minister
Ali starts reading out Tk7.97 lakh crore budget for FY 2024-25
Finance Minister Abul Hassan Mahmood Ali started reading out the national budget for FY2024-25 in the parliament on Thursday afternoon amid the growing challenges of containing inflation, maintaining sound foreign currency reserves, a stable exchange rate, and generating more revenues. With the theme “Pledge towards building a happy, prosperous, developed and
Cabinet approves proposed national budget for FY 2024-25
The cabinet at a special meeting today approved the proposed national budget for the fiscal year 2024-25. Prime Minister Sheikh Hasina presided over the meeting held in the cabinet room of the Jatiya Sangsad Bhaban. Finance Minister AH Mahmood Ali, other cabinet ministers and state ministers concerned attended the meeting. The finance minister