Dhaka February 26, 2025, 3:50 am
The development lender, in its flagship publication 'Global Economic Prospects', also said Bangladesh's economic growth will be 5.1% in the fiscal year (FY) 2021-22, higher than the earlier growth forecast of 3.4%
No figure will be acceptable before the government’s own research bodies’ present their findings
The ADB's investment in railways was much higher than initially planned, but (it) did not represent a significant contribution to the economy, although it was a high priority for the government
A total of 10 projects were approved today involving an overall estimated cost of Taka 6,651.34 crore
The platform also recommended increasing allocation for health and education in the national budget for FY 2021-22, as these sectors suffered the most during the pandemic
Pointing out multiple deficits and discrepancies in the national economic data, various projections based on serious anomalies in data are leading to data anarchy
Both the members of income tax and value added tax (VAT) have said the government devises fiscal measures considering the current economic situation such as the Covid-19 pandemic when the industry needs support
A total of Tk 568,000 crore was allocated in favour of 62 ministries and divisions in the budget of 2020-21 fiscal
The minister said while replying to a cut-motion placed by opposition MPs over allowing additional grant demand for the Finance Institution Division in the Supplementary Budget of 2020-21 Fiscal Year
Experts came up with such views at a webinar on "Impact of Covid-19 on CMSMEs and Understanding their Recovery: Evidence from BSCIC Industrial Estates" organized jointly by Economic Reporters’ Forum (ERF) and PRISM Programme
Although the per capita income has gone up by 9 percent, the price of low-tier tobacco products has not been raised in the proposed budget
The revenue board has projected the collection of an additional VAT revenue of Tk 60 billion from three areas in the upcoming fiscal year (FY)
ICAB said that the government spending will have to increase in all sectors where domestic products and services are used… as a result, employment in the country and the flow of money to the people will rise
The government has set the next fiscal’s revenue target at Tk 3.89 trillion, which is achievable considering the country’s economic volume and the number of people with taxable income
It has also advocated for whitening untaxed money for investment in the private sector
Analysts have forecast increased reliance on foreign aid as the government targets 2.9-percent external assistance of the gross domestic product (GDP) to minimise deficit
Eminent economist Dr Atiur Rahman has said the government should prioritise vaccinating 60 to 70 per cent of the population as soon as possible to get success in social and economic recovery from pandemic-induced slowdown
CSOs criticized national budget 2021-22 and opined as Bank Sector reform is fundamental
The government’s work is not revenue generation only. Its major objective is employment generation. The fiscal measures will help it
"With a view to achieving social inclusion of the third gender, besides introducing a special provision, I propose to fix the tax-free ceiling at Taka 3,50,000 for this community,” said Finance Minister A H M Mustafa Kama
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