Black Money Holders
ISPR requests not to get misled by rumours over security of St. Martin’s
Inter Services Public Relation Directorate (ISPR) has urged all not to be misguided by rumours spreading through social media over the security of St. Martin’s island centering Myanmar's ongoing internal conflict near the island.
Opportunity to convert black money into white money, for whose benefit?
Finance Minister Abul Hasan Mahmud Ali has presented a budget proposal for the upcoming fiscal year (2024-2025) with a total size of 7 lakh 97 thousand crore taka. Of this, revenue is 5 lakh 41 thousand crore taka, and the expenditure is 2 lakh 56 thousand crore taka. This means there will be a deficit of 2 lakh 56 thousand crore taka in the budget. To cover the budget deficit, loans totaling 2 lakh 51 thousand 6oo crore Taka will be obtained from various domestic and foreign sources. Of this, 90 thousand 700 crore Taka will come from foreign loans. Additionally, it is expected that 4 thousand 400 crore Taka will be received as grants to help cover the budget deficit. Due to the failure to collect the desired level of revenue from domestic sources, Bangladesh is increasingly becoming dependent on foreign loans. Currently, Bangladesh's tax-to-GDP ratio is 7.6%, which is the lowest among South Asian countries.
Budget 2024-25 to increase the tyranny of Black Money Holders
The national budget is not merely an annual account of income and expenditure but, in the current context, it serves as a tool to earn the trust and confidence of the people. The government's vision and goals are not confined within the boundaries of budgetary directives alone. Instead, it reflects the initiatives or measures the government is taking or will take to achieve or address issues related to the country's tendencies, resource acquisition, or problem-solving in various aspects. It provides direction on how the government intends to fulfill or will fulfill the expectations of the citizens.
Trending Views
