budget session
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.
Budget lacks vision to recovery for economy: Citizens' Platform
The Citizens' Platform on Sustainable Development Goals (SDGs) on Monday said that the proposed budget did not show a pathway to restoring economic stability.
This budget people-oriented amid economic crisis: Quader
Awami League General Secretary Obaidul Quader has termed the proposed budget for the financial year 2024-25 as a people-oriented and realistic budget during the ongoing economic crisis.
Ongoing economic woes not reflected in budget: CPD
The Center for Policy Dialogue (CPD), in its review of the proposed budget for FY2024-25, said that the necessary steps to address ongoing economic concerns are missing from the budget document.
Inflation will begin to decline by end of this year: FM
Finance Minister Abul Hassan Mahmood Ali on Friday said the country must wait for 6 months to bring inflation under control.
Additional tax burden to impede journey to Smart Bangladesh
The proposed budget for the fiscal year 2024-25 has raised a complex question among analysts regarding the allocation in the Telecommunication and Information Technology sectors. Analyzing this budget from a supportive or non-supportive perspective for these two sectors is crucial. No budget can entirely satisfy everyone, but the extent of satisfaction or dissatisfaction determines whether the budget is evaluated as supportive or non-supportive. While the announcement of extending the deadline for tax exemption in the Information Technology sector is promising, increasing taxes in the Telecommunication sector might impede the progress of Smart Bangladesh.
Allocation for judiciary, including Supreme Court, increases
In the proposed budget for the fiscal year 2024-2025, allocations have increased for the Supreme Court and the Ministry of Law and Justice. A proposal of 2022 crore taka has been allocated for the Ministry of Law and Justice, while the allocation for the Supreme Court has also increased.
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.
Tax-free income limit to remain unchanged
The tax-free income limit for individuals remained unchanged in the proposed budget for the next 2024-25 fiscal.
Budget FY 24-25: 5% incentive for government employees remains unchanged
In order to tackle the impact of rising inflation, the government announced annual special incentive benefits for government employees at the beginning of the current financial year.
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