The Foreign Investors' Chamber of Commerce and Industry (FICCI) said that Bangladesh needs to increase the tax GDP ratio to 22 percent to achieve the Vision 2041. FICCI presented their proposal for preparing the National Budget 2024-255 at a pre-budget meeting organized by the National Board of Revenue (NBR) on Wednesday. FICCI
Tag: GDP
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
BRI to help country’s real GDP growth by 2.1pc
A recent report estimated that the Belt and Road Initiative (BRI) will help Bangladesh's real gross domestic product (GDP) growth by at least 2.1 percent. The project will help generate an additional 2.5 percent to 5.1 percent of employment in Bangladesh and decrease extreme poverty by 1.3 percent. The report, titled "The
Govt targets 7.5pc GDP growth in FY24
Taxing digital economy to get desired tax-GDP ratio by 2026: CPD
Speakers at a discussion arranged by Centre for Policy Dialogue (CPD) were of the opinion that taxing the digital economy and curbing tax evasion of both domestic and non-resident multinational companies will help improve the tax-GDP ratio in line with the IMF programme for Bangladesh. Bangladesh's tax-GDP ratio can reach 9.4%
Matarbari deep sea port will serve 3b country people
Matarbari could become a regional commercial hub after the deep sea port opens. It will be used as a transshipment port. After Chittagong port, Matarbari will also be a lifeline of the economy. The Matarbari deep sea port will serve about 3 billion people of the region, including Bangladesh. Once fully
Decentralized admin a must for country
As buildings soar higher and higher, traffic congestions get worse, air more suffocating, and public amenities spread thinner and thinner to accommodate an ever-increasing number of people, at what point do we say, enough is enough? Despite frequent discussions around the urgency of decentralization, we have unfortunately done little to
Private sector can spur growth thru’ innovation in Bangladesh: ADB
Asian Development Bank (ADB) Country Director for Bangladesh, Edimon Ginting, on Sunday said a growing middle-class consumer group and supportive government policy can create a ‘conducive environment’ for the private sector to flourish.He said the private sector can take the lead in boosting ‘innovation and productivity’ and leveraging the growing
Early climate adaptation investment may save Bangladesh by 2030
Timely investments to withstand the projected impact of climate change could save Bangladesh billions in climate damages and lost GDP growth this decade, according to a new study by Standard Chartered. The Adaptation Economy, which investigates the need for climate adaptation investmentin10 markets– includingBangladesh, India, China,and Pakistan –reveals that, without investing
Govt aims to reduce budget deficit to 5pc by FY25
The government is projecting to rein in the budget deficit back within 5 percent of GDP by the 2024-25 fiscal from the current 5.5 percent.The budget deficit for the 2023-24 fiscal has been projected at 5.1 percent, according to an official budget document.The revised deficit in fiscal 2021-22 was 5.1