Bangladesh is enjoying a big rise in overall agricultural production as it had increased public expenditure on the sector in the outgoing fiscal year of 2022-23, said Ahsan Khan Chowdhury, chairman and chief executive officer of Pran-RFL Group. 

The allocation for subsidies in agriculture, food, and power will be raised considerably in the next budget, with an aim to ease inflationary pressure on people.

Dr Hossain Zillur Rahman, executive chairman of the Power and Participation Research Centre (PPRC), discusses the upcoming national budget for the 2023-24 fiscal year with Eresh Omar Jamal of The Daily Star.

As per the plan, a person will have to deposit Tk 2,000 as tax to the state exchequer even if he or she claims an income that is below the threshold, which charges zero tax rate, said officials of the finance ministry.

In the end, was the government’s austerity stance just lip service?