Finance Minister Abul Hassan Mahmood Ali has proposed to set aside a special allocation of Tk 100 crore for climate change and environmental protection in the national budget for the fiscal year 2024-25

Proposes budget; operators welcome the move

Dialysis to get more affordable as import duty on equipment to reduce

With the goal of expanding the tax net, the government has proposed that proof of tax return be submitted by individuals looking to avail the services of community centres, convention halls, or similar establishments

From The Daily Star Newsroom

The tax administrator will retain 2024-25’s tax rate for this year and the next year

25pc duty proposed on cars imported for lawmakers

The proposed budget share for the 2024-25 fiscal year for the home ministry has been slightly decreased in terms of the total budget compared to the outgoing fiscal year

The VAT on these products may rise to 15% from the existing 5%

The VAT on the home appliance may rise by a 5 percentage points

The Daily Star journalists explained the budget 2024-25 in simple words

A 10% customs duty will be imposed on raw materials for the assembly of motorcycles with engine capacity exceeding 250 cubic capacity

But companies must go cashless

The government has decided to construct 4,032 rental-based residential flats for low-income individuals during the new fiscal year

Increasing the allocation for education and health remains vital.

The leather industrial estates will be located in Rajshahi, Chattogram and Dhaka

The government has decided to raise the allocation for health sector by Tk 3,356 crore in the proposed budget of fiscal year 2024-25 today

The development comes after Bangladesh Bank relaxed the rules and allowed banks to receive funds from OBUs amounting to 40 percent of their regulatory capital to settle payment obligations.

At present, more than 93 percent of the cash-based social safety net programmes benefits are being paid through the G2P system. The remaining cash-based programmes will be brought under the system in 2024-25.

No matter how tight the budget is, the social safety net sector has to be given its due importance.