Slamming the government for offering an amnesty to plunderers, BNP Secretary General Mirza Fakhrul Islam Alamgir on Friday described the proposed budget for the fiscal year 2022-2023 as friendly to looters, not the common people. "Budget will help those who stole, robbed and looted public money and stashed the cash abroad
Tag: FY23
Budget FY23: Lower allocation for key mega projects worries FICCI
The Foreign Investors' Chamber of Commerce and Industry (FICCI) has raised concerns about the reduced allocation for some key mega projects in the proposed national budget for the fiscal year 2022-23. The move will result in slowing the implementation of the projects as well as raise the total cost of the
Highlights of budget for FY23
The highlights of the proposed budget for fiscalyear 2022-23 are following-- Total proposed budget-- Taka 6,78,064 crore GDP growth target 7.5 percent, GDP size-- Taka 44.50 lakh crore Revenue target-- Taka 4.33 lakh crore Budget deficit-- Taka 2.42 lakh crore (5.4pc of the GDP) The average inflation is 5.6pc in FY2022-23 Government proposes to withdraw advance
Tk 26,066cr proposed for quality energy, power supply
Finance Minister AHM Mostafa Kamal today proposed Taka 26,066 crore for the Power, Energy and Mineral Resources Divisions in the budget for FY2022-23 to ensure quality energy and power supply in the country. "Large-scale socio-economic development activities have been undertaken for smooth implementation of the Master Plan that Bangladesh has adopted
Prices may go up, down
Some products and services may be costlier or cheaper as Finance Minister AHM Mustafa Kamal today proposed some changes to tariff on those in the new budget. There might be decrease in the prices of different products and services, including launch fare, man-made fibre, steel raw materials, paper and fabrics, wheelchair,
Tk 36,863cr proposed for health sector
Considering the health sector as a priority, Finance Minister AHM Mustafa Kamal today proposed an allocation of Taka 36,863 crore for Health and Family Welfare sector in the next fiscal year 2022-2023 which was Taka 32,731 crore in the fiscal year 2021-2022. He said the allocation is meant for the overall
Budget targets revenue of Tk 433,000cr, deficit of Tk 2,45,064cr
The government is targeting the total revenue earnings of Taka 4,33,000 crore in the next fiscal year (2022-2023). Out of the targeted revenue collection, the National Board of Revenue (NBR) will realize Taka 3,70,000 crore and another Taka 63,000 crore will be collected from other sources, Finance Minister AHM Mustafa Kamal
Average inflation in FY23 to remain at 5.6pc
Finance Minister AHM Mustafa Kamal today said the average inflation in the next fiscal year (2022-2023) will remain at 5.6 percent. "We've earlier discussed the measures that we will take in the coming budget to contain inflation. Considering all these measures, I expect that the average inflation will be 5.6 percent
Govt eyes 7.5% GDP growth in FY23
The GDP growth rate has been targeted to be 7.5 percent for the next fiscal year (2022-2023) considering the lagged effects of the COVID-19 and the protracted crisis arising from the Russia-Ukraine conflict. Finance Minister AHM Mustafa Kamal said this while placing the proposed national budget for FY23 at Jatiya
Kamal sees six major challenges for FY23
Finance Minister AHM Mustafa Kamal saw six major challenges for fiscal year (FY23) and said that the government needs to be pragmatic in addressing these challenges as any failure to address them properly may destabilize the macroeconomic stability. While placing the national budget for FY23, Kamal said the challenges are