The interim government, unburdened by political motivations, has no need to seek popular acclaim

Given Bangladesh's performance in Open Budget Survey 2023, there is room for improvement in the country's budget process.

Finance Minister Abul Hassan Mahmood Ali will place the national budget for the fiscal year (2024-2025) at the Jatiya Sangsad this afternoon

The government has set a target to export goods and services worth $110 billion in the fiscal year of 2026-27, which is double the earnings recorded in the last financial year

This will be the first meeting of the council since the new government took office after the January 7 parliamentary elections. Thus, it is the maiden meeting for the new finance minister on the budget and the overall macroeconomic situation.

CPD Distinguished Fellow Debapriya Bhattacharya says

Finance Minister AHM Mustafa Kamal yesterday said that though he is worried about the elevated level of consumer prices, the situation is still under the government’s control.

The measures taken in the proposed budget for the next fiscal year have failed to address the most difficult challenge of containing inflation, and as a result, the suffering of common people will increase further, the Centre for Policy Dialogue (CPD) said yesterday.

An underwhelming budget at a time of overwhelming crisis

The reserves stood at $29.91 billion today in contrast to $42.20 billion during the same period a year ago.

Finance Minister AHM Mustafa Kamal in his budget speech revealed that more than 1.49 crore Bangladeshi workers are working in 176 countries across the world

In his budget speech for FY2023-24 at the national parliament today, Kamal said inflation would be largely controlled from here on.

The finance minister presented the new budget for the fiscal year 2023-2024 in the parliament on Thursday.

The government proposed going for making the Baggage Rules 2016 stricter, lower the limit for the travellers in case of bringing in gold bar or gold pieces and impose higher taxes.

Education ministries got a chop for the next fiscal year as the proposed development allocation for them is lower than the allocation of the outgoing fiscal year.

The prices of imported software are set to increase after Finance Minister AHM Mustafa Kamal proposed to increase the import duty from 5% to 25% on imported software in the proposed budget for the next fiscal year 2023-24.

The prices of mobile phones are set to increase in the upcoming fiscal as the government proposed raising value-added tax (VAT) on local production of handsets.

The government plans to roll out the universal pension scheme in the coming fiscal year.

Finance Minister AHM Mustafa Kamal today proposed doubling the property registration tax for the next fiscal year in order to increase the government’s revenue collection.

While placing the proposed national budget for the 2023-24 fiscal year today, Finance Minister AHM Mustafa Kamal has proposed changes to duties on different products, which will result in increase and decrease in their prices