The Centre for Policy Dialogue (CPD) highlighted some concerns about the FY25 budget during its Budget Dialogue 2024-25 Wednesday. They pointed out that the budget doesn't seem to align with key economic indicators like GDP, inflation, and private investment, which could lead to missed targets. The discussion also shed light on
Tag: budget
Budget lacks pathway to economic recovery
The Citizens' Platform on Sustainable Development Goals (SDGs) on Monday said that the proposed budget did not show a pathway to restoring economic stability. Leaders of the civil society platform said this while speaking in a media briefing on the proposed budget for the fiscal year 2024-25 at BRAC Inn Center
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
BEA proposes Tk 11,95,486cr alternate budget
The Bangladesh Economic Association (BEA) Monday proposed a Taka 11,95,486 crore alternate national budget for the next fiscal year (FY25). BEA general secretary Dr Md Ainul Islam proposed this alternate budget at a press conference held at its office. Dr Ainul said this alternate budget has been proposed in a bid to
Next budget will be encouraging for private sector: Finance Minister
Finance Minister Abul Hassan Mahmood Ali today said that the upcoming national budget would be encouraging for the private sector and hoped that the economic growth momentum would continue towards achieving the growth targets. Ali said this while addressing the "DCCI Pre-budget discussion: private sector perspective" as the chief guest organized
Next budget will be contractionary lowering GDP growth to 6.9%: official document
AP, Dhaka The government is preparing the next annual budget as contractionary aiming to reduce inflation rate and restore financial stability, according to an official document. The size of the budget is likely to be Tk8.05 lakh crore (8 lakh and 5 thousand crore), and the expenditure growth is being fixed at
Japan to provide $225m budget support to Bangladesh
Japan will provide 30 billion Japanese Yen (equivalent to $225 Million) as budget support to Bangladesh for economic recovery and strengthening public financial management capacity. The fund will be given under a "Development Policy Loan for Strengthening Public Financial Management". An "Exchange of Notes" and a "Loan Agreement" for the budget support
Govt ponders scrapping Tk2,000 minimum tax
The much talked-about Tk2,000 minimum tax for all may be cancelled ahead of approving the national budget for FY24. Instead, the amount would be adjusted against tax at source during return filing as citizens already pay taxes at source, officials said. They also said that the proposed provision would not be brought
AIIB to provide $400m as budget support to Bangladesh
The government today signed a $400 million budget support loan agreement with the Asian Infrastructure Investment Bank (AIIB) to implement the second subprogram of the Sustainable Economic Recovery Programme. The Sustainable Economic Recovery Programme (subprogramme-2) launched in October 2021 to support economic recovery after the COVID-19 pandemic, also aims at advancing
Budget FY24 designed to plunder national wealth: BNP
Terming the national budget for FY23-24 as anti-people and deceptive, BNP on Wednesday said it has been designed to loot several billion dollars of national wealth under the shelter of a corrupt regime. Speaking at a press conference, party's Secretary General Mirza Fakhrul Islam Alamgir also said it will not be