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PROGGA’s Analysis on Proposed Tobacco Tax and Price Measures
PROGGA’s Analysis on Proposed Tobacco Tax and Price Measures

Economics

PROGGA’s Analysis on Proposed Tobacco Tax and Price Measures

The proposed national budget for FY 2024-25, if adopted, will once again make tobacco products cheaper and more affordable. It will encourage the youth to use tobacco products, increase tobacco-related deaths and illness, and therefore spike the public health expenditure of the government. The proposed budget will cause the government to lose the chances of earning BDT 10,000 crore in additional revenues.

Citizens must be protected from uncontrolled inflation
Citizens must be protected from uncontrolled inflation

Economics

Citizens must be protected from uncontrolled inflation

Emeritus Professor at the Department of Development Studies, University of Dhaka Dr Atiur Rahman termed the proposed budget for the financial year 2024-25 realistic.

Budget has not utilized the opportunity of effective taxation on cigarettes: Unnayan Shamannay
Budget has not utilized the opportunity of effective taxation on cigarettes: Unnayan Shamannay

Economics

Budget has not utilized the opportunity of effective taxation on cigarettes: Unnayan Shamannay

Through ensuring effective taxation on cigarettes, Bangladesh could see significant reduction in cigarette use and increase in government’s revenue simultaneously. The National Budget proposed for FY 2024-25 has not utilized this opportunity. National level civil society organizations including Unnayan Shamannay worked together with national and international researchers to come up with effective cigarette taxation proposals for the coming fiscal years. While these proposals have been communicated to the Ministry of Finance and the National Board of revenue well ahead of the Budget Session of the National Parliament, they have not been adequately reflected in the proposed budget.

Money laundering in any way is never justifiable
Money laundering

Economics

Money laundering in any way is never justifiable

Finance Minister Abul Hasan Mahmood Ali presented the proposed budget for the fiscal year 2024-25 in the National Parliament today (June 06). This marked Bangladesh's 53rd full-fledged budget and the 16th consecutive budget under the present government. It was also the first budget presented by Finance Minister Abul Hasan Mahmood Ali.

To what extent is the economy benefiting from the opportunity to whiten black money?
To what extent is the economy benefiting from the opportunity to whiten black money

Economics

To what extent is the economy benefiting from the opportunity to whiten black money?

The proposed budget for the new fiscal year (2024-25) has been presented in the National Parliament. Drafting the budget for this fiscal year was a challenging task by any measure. The Finance Minister has successfully completed that difficult task.

Investments in personal accounts remain standstill
Investment

Economics

Investments in personal accounts remain standstill

Finance Minister Abul Hasan Mahmud Ali has presented the budget for the fiscal year 2024-25 in the National Parliament. Budget allocation for the new fiscal year was indeed a very crucial task. The new Finance Minister has efficiently accomplished this task.

Control inflation and bring it down to a manageable level
Control inflation and bring it down to a manageable level

Economics

Control inflation and bring it down to a manageable level

Finance Minister Abul Hasan Mahmud Ali presented the proposed budget for the 2024-2025 fiscal year in the National Parliament today, Thursday, June 6. This is his first budget presentation as Finance Minister. In a country like ours, drafting the national budget is always a highly complex task. It is impossible to please all sectors equally through the budget. In the announced budget, the new Finance Minister has tried to focus on nationally significant economic issues. This is a positive aspect of the budget.

Budget of last 14 years of Awami League government
Budget of last 14 years of Awami League government

Economics

Budget of last 14 years of Awami League government

In 2006, the Awami League launched a strong movement against the BNP-led four-party coalition government, demanding fair elections. At that time, the caretaker government under President Yazuddin Ahmed, along with Election Commissioner MA Aziz, was involved in the voter list process. Facing mass agitation, power eventually shifted to the caretaker government of Fakhruddin Ahmed, which was influenced by the military.

Economic slowdown after demographic dividend: Are we prepared?
Economic slowdown after demographic dividend

Economics

Economic slowdown after demographic dividend: Are we prepared?

There is no alternative to a skilled workforce for the economic development of any country. The more skilled and trained the labor force, the brighter the prospects for the country's economic development. No matter how advanced mechanical power becomes, if the person operating the machine is unskilled and immature, development cannot be achieved. If the workforce is adequately trained and skilled, it can become the greatest asset for a country. Conversely, if that workforce is untrained and unskilled, it can be considered a liability for the nation. The total workforce of a country can generally be divided into four categories: children, youth, adults, and the elderly. Typically, individuals under the age of 18 are considered children. Those between 18 and 35 are considered youth, those between 35 and 60 are considered adults, and those above 60 are considered elderly. Among them, the 18 to 60 age group is known as the working-age population.

Give highest priority to agriculture in budget
Give highest priority to agriculture in budget.

Economics

Give highest priority to agriculture in budget

In recent years, Bangladesh has made significant economic progress across various sectors, with agriculture being the most visibly advanced. Previously, Bangladesh was a country with a food deficit, importing an average of 15 to 20 lakh tons of food annually. During the Liberation War, agricultural production was severely disrupted, resulting in a food deficit of 30 lakh tons in 1971-72, which was about 30% of the total production. Currently, the deficit has decreased to below 15%.

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