Dhaka February 24, 2025, 9:34 am
From apparel to primary textile to other industries, the factories cut down the production by almost 50 percent due to frequent load shedding
This is the 5th consecutive budget of incumbent Finance Minister AHM Mustafa Kamal
This budget comes at a time when the country, still grappling with the economic aftershocks of the Covid-19 pandemic, faces a new global crisis - the Russia-Ukraine war
Out of this, govt to collect Tk 4 lakh 30 thousand crore through the National Board of Revenue and Tk 70 thousand crore from other sources
The sector got Taka 6,110 crore more compared to the last fiscal as the total allocation for the communication sector was Taka 81,519 crore in the FY2022-23
While unveiling the national budget, the minister said “We are decentralising education planning and management and implementing a 'School Level Improvement Plan (SLIP)' to enhance efficiency in primary education management"
Kamal said this while unveiling the proposed budget for FY24 at Jatiya Sangsad on Thursday
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
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