The government is set to expand the social safety net in the upcoming budget as the Covid-19 has pushed at least 2.5 crore people below the poverty line.
Category: Budget
Parliament gets Tk 336.14cr budget for next fiscal year
The Parliament Secretariat Commission on Sunday approved a Tk 336.14 crore budget for Parliament to spend on its development and non-development expenditures for the next fiscal year (2020-21).
Agriculture to get increased subsidy in upcoming national budget
Government subsidies in the upcoming budget for 2021-22 fiscal is likely increase by Tk10,000 crore with agriculture sector slated to get the highest allocation, official sources said on Saturday.
How CSOs are influencing pro-poor WASH budgets in Bangladesh
By Mohammad Zobair Hasan Budget tracking in water, sanitation and hygiene (WASH) helps to understand how public budget is allocated and utilized to improve access to services for all. WASH Budget tracking is a process to improve water and sanitation…
Urgently Needed Deficit Financing No Excuse for Fiscal Abuse
By Jomo Kwame Sundaram and Anis Chowdhury KUALA LUMPUR and SYDNEY, Dec 8 2020 (IPS) – Fiscal and monetary measures needed to fight the economic downturn, largely due to COVID-19 policy responses, require more government accountability and discipline to minimise…
Bangladesh adopts Taka 5.68 trillion budget for 2020-21
Dhaka, June 30: The Jatiya Sangsad (Parliament) Tuesday passed the Taka 5.68 trillion national budget for the next fiscal year (2020-21) with a target of attaining 8.2 percent GDP growth through continuing the momentum of the economy with all required…
PM expresses govt. determination in implementing budget
Dhaka, June 29: Prime Minister Sheikh Hasina Monday said her government was determined to implement the national budget for the coming 2020-21 fiscal despite the coronavirus hurdles as many analysts feared it could be a tough job because of continued…
BCI wants more allocation for rural economic sectors
Bangladesh Chamber of Industries (BCI) has urged the government to divert fund from transport and communication sectors to those which will play roles to revive the rural economy.
Budget not implementable, to cause public sufferings: BNP
Describing the proposed national budget for the 2020-21 fiscal year as an “imaginary, blunt and unimplementable” one, BNP on Friday said it will only inflict further sufferings on people at this time of coronavirus pandemic.
Budget lacks imagination, sense of direction: Reza Kibria
The proposed budget for the 2020-21 fiscal “represents an unimaginative response to an economic crisis that calls for boldness and creativity”, according to Dr Reza Kibria, general secretary of Gono Forum.
Budget focuses on health, agri, safety net, job creation
Finance Minister AHM Mustafa Kamal on Thursday said he has brought about a structural change in this year’s budget in terms of setting priorities of the government by slightly deviating from traditional budget due to the coronavirus and its impact.
Budget ambitious but business-friendly: DCCI
Dhaka Chamber of Commerce and Industry (DCCI) President Shams Mahmud on Thursday said the proposed national budget for 2020-21 financial year is an ambitious one but finds it business-friendly.
Short budget session of Parliament to begin Wednesday
The second budget session (8th session) of the 11th parliament will begin at 5pm on Wednesday amid the COVID-19 pandemic in the country.
Certainties and responses: Bangladesh Budget 2020-21
Ruling 14-party alliance led by Prime Minister Sheikh Hasina is full of activity with the formulation of Budget 2020-21 under such landscapes when the world is befuddled and challenged with COVID-19, which shall be placed in Parliament very soon so…
Parliament budget session from June 10: No journo pass
DHAKA – The budget session for 2020-21 of the 11th Jatiya Sangsad (JS) will begin at 5:00 pm on June 10, according to a statement issued by the Parliament secretariat today. On June 10, the JS session will be held,…
NEC approves Tk 2.05 trillion ADP for 2020-21
The National Economic Council (NEC) on Tuesday approved the Annual Development Programme (ADP) involving Tk 205,145 crore for the 2020-21 fiscal year with focus on transport, education, health and agriculture sectors.
Dhaka faces burgeoning budget deficit in pandemic aftermath
Dhaka, April 05 – Amid a nosedive in revenue collection, export earnings and remittance inflow, economists fear a burgeoning budget deficit in the aftermath of the coronavirus pandemic and the massive steps taken to tackle it. Due to halt in…
BD passes Tk 5tln budget appropriation bill for 2019-20
Dhaka, June 30 (UNB) – Parliament on Sunday passed the Tk 5,23,190 crore national budget for the fiscal year 2019-20, themed as ‘Bangladesh on a Pathway to Prosperity: Time is Ours, Time for Bangladesh’. Finance Minister AHM Mustafa Kamal moved…
BD Finance Bill changes stocks, textiles tax proposals
Dhaka, June 29 (UNB) – Parliament on Saturday passed the Finance Bill 2019 with some changes in the proposals over the capital market, VAT and handloom industry. For the first time in Bangladesh’s history, Prime Minister Sheikh Hasina moved the…
BD Minorities demand equal per capital allocation in budget
Dhaka, June 23 (UNB)- Bangladesh Hindu Bouddha Christian Oikya Parishad, an umbrella platform for the country’s religious minorities, on Sunday urged the government to allocate the budget equally on a per capita basis between both the majority and minority groups…
Budget to disparately increase living cost of low-income people
Dhaka, June 23 – Center for Policy Dialogue (CPD) on Sunday said the proposed measures in the budget for 2019-20 fiscal year(FY) are likely to disproportionately increase the cost of living for low- and medium- income groups compared to the…
Budgetary reform for sustainable development in BD urged
Dhaka, June 21 – Sushashoner Jonno Nagorik (Shujan), a civil society platform of Bangladesh called for budgetary system reform for sustainable development. The platform recommended the budgetary system be reformed to effectively impact the country’s sustainable development at roundtable programme…
Beyond the EU budget zero-sum game
by Leonardo Costa Discussion of the EU budget brings strife between supposed net contributors and beneficiaries. Yet the picture is more complex and Europe-wide taxation offers a way out. When it comes to the budget for the European Union, the…
Budget undermined role of telecom sector: operators
Dhaka, June 18 (UNB)- Stating that the newly placed National Budget for FY 2019-20 is going against the vision of digital Bangladesh, The Association of Mobile Telecommunication Operators of Bangladesh (AMTOB) urged the government reconsider it in the telecom sector.…
Budget for the interest of some businessmen, politicians: GF
Dhaka, June 15 – Gonoforum on Saturday turned down the national budget for 2019-20 saying it has been formulated to protect the interest of a handful of businesspeople and politicians ignoring people. “This is not a budget for people. We…
Proposed budget business-friendly: FBCCI
Dhaka, June 15 — The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has lauded the proposed national budget for the 2019-20 fiscal year as a “business-friendly” one. “We thank Prime Minister Sheikh Hasina and Finance Minister Mustafa Kamal…
Mixed reaction on budget from ruling alliance
Dhaka, June 14 – The leaders of Awami League-led 14-party alliance have given mixed reaction over the proposed budget for 2019-20 fiscal year. Some alliance leaders said the proposed budget will not fulfill the expectation of the mass people of…
Budget to benefit a section, people will reject it: BNP
Dhaka, June 14 – The main opposition BNP has termed the proposed national budget for fiscal 2019-20 highly ambitious and claimed the people would reject it. “The people would not accept the budget as it would create pressure on them…
Budget not reflects ruling party’s polls manifesto: CPD
Dhaka, June 14 – The proposed national budget has not reflected the pledges of the ruling party Awami League’s election manifesto as it would go in favour of the people who are beneficiary of economic misrule instead of the larger…
PM Hasina seeks help for implementing ‘pro-people budget’
Dhaka, June 14 – Terming the budget “pro-people” Prime Minister Sheikh Hasina yesterday said the Tk 5,23,190 crore outlay for FY2019-20 is pretty self-explanatory and there is no scope of confusion. “We prepared the budget for our common people, not…