Dhaka April 30, 2025, 10:43 am
The finance minister said this while placing the proposed budget for FY24 at Jatiya Sangsad on Thursday
He mentioned that he had pledged to introduce a universal pension system in the budget speech for FY23 following the party’s election manifesto
In the outgoing FY2022-23, the total allocation was Tk 26,066 crore for the power and energy sector
He proposed to reduce the size of the annual development Programme from Tk 2 lakh 46 thousand 66 crore and set it at Tk 2 lakh 27 thousand 566 crore
At present, registered taxpayers have to file their income, expenditure, and wealth statements and get proof of submission of returns to avail 38 types of services
Kamal wearing a traditional Panjabi and Pajama with a black ‘Mujib coat’ started placing his 248-page budget speech featuring power-point presentation just after 3:00 pm in presence of leader of the house and Prime Minister S
Finance Minister AHM Mustafa Kamal in his budget speech today also proposed to increase the tax-free income threshold for women and senior citizens above 65 years of age to Taka 4 lakh from Taka 3.5 lakh
He recommended allocating a total of Taka 126,272 crore, up from the current fiscal year's Taka 113,576 crore
The minister said this while placing over Taka 7.61 lakh crore national budget for FY23-24 at the Jatiya Sangsad (JS) here
The possible budget size of Taka 7,61,785 crore would mainly aim at taming inflation alongside the higher GDP growth trajectory
The scheme's initial reach will be small and optional for a period of five years, with plans to make it mandatory by 2028
The projection is around Tk 75.87 billion less than the current fiscal’s subsidy in the country’s power sector
Budget will certainly have to address a number of macroeconomic challenges. The foremost is, of course, the inflation which is still running high at more than nine percent
Though the government is giving priority to agricultural production, the sector needs more allocation to boost production
The upcoming budget will also look to meet the International Money Fund (IMF) loan conditions and address the pre-election demands with austerity
International markets have become unnerved by the battle as some Republicans have questioned whether a quick agreement is necessary to avert a default
The BB governor said this while speaking as chief guest at the first Digital Transformation Summit-2023 at a local hotel in the city
The trend is observed as Bangladesh celebrates the World Tea Day today
He made the remarks in response to a question from journalists at a workshop in the capital
Bangladesh's GDP growth will increase by 1.14 percent, while nearly a million jobs will be created once the Matarbari Deep Sea Port starts operations
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