None will raise question if a taxpayer pays a 15 percent tax for immovable properties

Tk 5,000 for those under Dhaka, Chattogram city corporations

The government plans to raise supplementary duty by 5 percentage points

SD on SIM will be raised to 20% and VAT on eSIM will be increased to Tk 300 each

Flat 7.5% VAT imposed on these appliances

The supplementary duty will be raised by 1 percentage point

The budget of a country and a household depends mainly on income and expenditure, although these two budgets do differ in a few ways

Here are the latest updates on proposed budget for fiscal 2024-25

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

Finance Minister Abul Hassan Mahmood Ali is going to unveil his as well as the new government’s first budget today. 

For example, when the Dakar Declaration came in 2000, the country said it would spend 6 percent of GDP on education. The United Nations Educational, Scientific and Cultural Organisation recommends earmarking four to six percent of the GDP for the sector.

Experts and businesspeople also highlighted the challenges linked with the current tax and incentive system.

It’s not the best of times. It’s not the season of light. The future will tell whether it’s the period of Dickensian despair on the economic front. But this is not the moment for business as usual, for sure.

The government will rely more on domestic bank borrowing than foreign financing in the next fiscal year, intensifying pressure on the economy.

The government has not addressed the stability issue through its fiscal policy for two years in a row although the economy is in turmoil owing to both external and internal pressures. A noted economist, however, thinks it can bring the situation under better control through the budget in the next fiscal year beginning on July 1.