The allocation for the education sectors in the proposed budget for the upcoming fiscal year of 2022-23 has reduced in terms of the Gross Domestic Product (GDP).

The government plans to boost exports by promoting large industries and send a record number of migrant workers abroad to raise foreign currency reserves.

The discussion is expected to play a positive role in formulating a youth-friendly budget.

What I failed to realise is that the price hike is a constant thing, it is steadily increasing every month or rather every week it now seems, and never coming down actually.

Hajj is one of the main rituals of Islam, and it takes tremendous physical and mental effort, as well as spiritual dedication. Because of the nature of it, like all types of pilgrimage, it can be quite challenging and requires certain preparations too. It's not a matter that can be taken lightly or suddenly decided upon. Hajj demands thorough and meticulous preparation that takes time.

Budgeting is perhaps the single most important tool that helps us manage our money wisely during volatile economic times.

The national budget for the next fiscal year will be the third since the start of the Covid-19 crisis in March 2020. Can we expect it to address the current realities, contexts and challenges of Bangladesh?

In a rare show of anger and frustration, some ruling party and opposition lawmakers blasted the finance minister in parliament yesterday for his complete silence on the widespread irregularities in the banking sector during his budget speech.

It is hardly a subject that is discussed in the public domain nowadays, but one recalls “Digital Bangladesh” being the centrepiece of the ruling party's electoral campaign in 2008 and onwards. The aim was to transform the bureaucracy-ridden system, making it faster, more efficient and of course less prone to graft. But such a grandiose mission, till now, remains largely unaccomplished.

Our finance minister has proposed a mega budget of Tk 4,00,266 crore for FY2017-18, of which Tk 1,53,331 crore is earmarked for Annual Development Programme (ADP).

Proposed budget is not for the development of the people, BNP says in its budget reaction.

Finance Minister AMA Muhith says the government plans to introduce pension scheme for the private sector by the end of its tenure in 2019.

I must say that the budget is too ambitious in terms of size. It's 15.5 percent larger than the current FY's initial budget and 29 percent higher than the revised one.

The finance minister proposes changes to duties and taxes on different products, which will result in increase and decrease in their prices.

To ensure deposition of VAT by traders outside district towns, the government has planned to make it mandatory for trading units outside the district towns to use Electronic Cash Register (ECR) and point of sale (POS) system.

The government has decided not to bring any change to seven tax rates, which include tax-exempted income-threshold for individual tax payers.

The government has proposed raising allocation in the education sector by 32 percent to Tk 49,009 crore in the next fiscal year compared to the allocation in the outgoing FY.

In face of protests from businessmen, the government has decided not to implement a flat VAT rate for small traders and instead almost doubled the package VAT.

Cost for mobile phone use will increase in the next fiscal as Finance Minister AMA Muhith proposed to hike the duty on SIM card-related services to 5 percent.

Finance Minister AMA Muhith has been unveiling Tk 340,605 crore national budget for the fiscal year 2016-17 – what is around 29 percent bigger from the current fiscal year.