Chattogram City Corporation (CCC) today proposed a budget of Tk 1981.52 crore for fiscal 2024-25

Two ruling Awami League MPs and a Jatiya Party MP today in parliament criticised the government for keeping the provision of whitening the black money in the proposed budget for 2024-25 fiscal

Also wants no tax on imported cars for new MPs

The parliament today passed the supplementary budget of Tk 30,643.51 crore for the fiscal 2023-24 to meet the increased expenditures under different ministries and divisions for the outgoing fiscal year ending June 30

Allocation of resources to the health sector and proper utilisation of that allocation are crucial for achieving universal health coverage (UHC)

Supporting the budgetary provision for legalising black money, Prime Minister Sheikh Hasina yesterday said black money should be brought into the legal channel first.

Implementation of the new budget will be highly challenging in the current context of the Bangladesh economy, Metropolitan Chamber of Commerce and Industry (MCCI) said in a post-budget reaction yesterday.

Economists say allocation for the agriculture sector in the new budget is inadequate, and it will not only hurt farmers but may also affect food production.

The proposed budget for the 2024-25 fiscal year has been realistic and cautionary, as the government increased the budget by only 4.6 percent from the outgoing fiscal year, said Atiur Rahman, former governor of Bangladesh Bank.

BNP Secretary General Mirza Fakhrul Islam Alamgir yesterday said termed proposed national budget for the fiscal year 2024-25 black money-friendly, saying it will further widen scope for corruption in the country.

Finance Minister Abul Hassan Mahmood Ali yesterday expressed hope that the government would be able to curb high inflation on the back of budgetary measures and the central bank’s steps.

The proposed national budget for fiscal 2024-25 lacks concrete measures for addressing the current economic concerns, such as runaway inflation and depleting foreign exchange reserves, the Centre for Policy Dialogue (CPD) said yesterday.

Tax exemptions provided by the National Board of Revenue (NBR) are estimated to rise to Tk 163,000 crore in fiscal 2024-25 as the tax administration looks to ease the pressure on individuals and facilitate higher economic growth.

The budget should concentrate on pro-poor and inclusive growth, says the leading chamber in budget reaction

NBR chairman in post-budget press conference also said the general mass also demanded for the opportunity

Bank defaulters or tax evaders receive a number of amnesty and benefits for whitening black money.

The fundamental challenge facing policymakers in implementing a contractionary budget will be patience

The FY 2024-25 budget falls short of assessing the depth of the economically challenging time.

The government has hiked the supplementary duty on mobile top-ups alongside VAT on SIM cards, pushing up costs that will be incurred by mobile and internet users, which will inevitably put a financial strain on access to essential services.

In yet another blow to stock market investors, the government plans to impose a capital gains tax on them from next fiscal year.