The tax measures unveiled yesterday for 2024-25 are not going to provide any relief to taxpayers.

Default loans in the banking sector of Bangladesh hit an all-time high of Tk 182,295 crore, but no reform programme to reduce it has been announced in the budget for the upcoming fiscal year.

The trade-off between growth and inflation is pretty apparent. It implies loss of employment and income. The critical factor in this respect is the availability and effective use of the government's fiscal space.

The macroeconomic imperative was to tighten the budget, particularly the domestic financing component of the budget deficit.

The recently proposed national budget for FY25 has remained a widely speculated topic for the people of this country

They blame govt for focusing on imported solutions rather than own resources

A total expenditure of Tk 797,000 crore has been proposed with a total tax revenue of Tk 541,000 crore, resulting in a deficit of Tk 256,000 crore

Budget admits we are in a crisis, but offers no direction out of it

While the cost of living remains high, with the inflation rate hovering at over 9 percent throughout the year, no ray of hope came for the common people in the budget declared yesterday.

The tax rate on income from provident funds and other retirement funds, which are maintained by companies for their employees, will remain unchanged at 15 percent for the fiscal year 2024-25. 

After Finance Minister AH Mahmood Ali presented the proposed FY25 budget in the parliament today, political parties were divided on the subject, some terming it “practical”, while others calling it “unrealistic”, and “a new plan for looting”

Of the total deficit financing, Tk 90,700 crore will come from foreign sources while Tk 160,900 crore will come from domestic sources.

More such machines will be installed nationwide in phases

Transparency International Bangladesh (TIB) today expressed shock and disappointment over the “unethical provision” in the newly announced budget that allows the laundering of black money disguised as undisclosed income

Proposal has been placed to cut the tax deducted at source to 1% from July

Finance Minister Abul Hassan Mahmood Ali has proposed an allocation of Tk 191 crore for the Anti-Corruption Commission (ACC) in the budget for the upcoming fiscal year 2024-25

CSE Chairman Asif Ibrahim says in his budget reaction

Budget fails to address their woes

All government officials who will be recruited after July 1 next year will be incorporated in the universal pension scheme

Extending the tax exemption until 2031 would better support Bangladesh's goal of becoming an upper-middle-income country and enhance the IT sector's capacity in domestic and global markets