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.
Tag: 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.
Kamal to stick with expansionary scope of budget, but expand slower
The country is likely to get a Tk 593,314 crore budget for 2021-22 fiscal, Tk 25,314 crore higher than the running one, aiming to face the COVID-19 pandemic challenge and recovering the economy.
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…
Dhaka University adopts Tk8.69 bn budget for 2020-21FY
Dhaka, July 23 – The authorities of Dhaka University (DU) on Thursday approved a Tk 869.56-crore budget for the fiscal year 2020-21.
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…
Cricket Australia cuts staff, budget; sets for full season
MELBOURNE, Australia (AP) — Cricket Australia will cut 40 staff and plans to slash costs by millions of dollars to off set the impact of the coronavirus pandemic, but still expects to complete a full domestic season in 2020-21. The…
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.
Finance Minister disputes calling budget traditional
Finance Minister AHM Mustafa Kamal on Friday said the proposed budget of 2020-21 FY is not just a ‘traditional’ one as some economists have described it, but rather one for ‘saving lives and livelihoods’.
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 lacks guidelines to address Covid-19 issues: CPD
Terming the proposed budget of 2020-21 FY traditional, the Centre for Policy Dialogue (CPD), a leading think tank, on Friday said alleviating poverty, discrimination and creating employment should have been given priority in the budget instead of GDP growth.
Budget to overcome negative impacts with 4 key
Amid coronavirus crisis, the government has taken up a comprehensive plan with four main strategies discouraging luxury expenditures and prioritizing government spending that creates jobs. “We have taken a comprehensive plan to overcome the possible negative impacts of the pandemic…
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.
Focus on people’s life, livelihood in budget, BNP tells govt
As the national budget will be placed in parliament amid coronavirus pandemic on Thursday, BNP has urged the government to give main focus on protecting people’s lives and livelihoods in the budget instead of economic growth.
Budget: TIB against allowing black money whitening
Transparency International Bangladesh (TIB) on Tuesday urged the government not to keep any provision of whitening of black money in the forthcoming national budget in the name of creating employment by attracting investment and boosting revenue generation.
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.
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.
বাজেটে দরিদ্র মা’দের জন্য বরাদ্দ দাবি করেছে ডরপ
করোনা পরিস্থির কারণে দারিদ্র্র্যের হার বৃদ্ধির সম্ভাবনা রয়েছে এমন আশঙ্কা করে দারিদ্র বিমোচনে আসছে ২০২০-২১ অর্থ বছরের প্রস্তাবিত বাজেটে দরিদ্র মা’দের জন্য বাজেট বরাদ্দ দাবি করেছে বেসরকারি সংস্থা ডরপ।
Budget should no more allow black money whitening: CPD
Centre for Policy Dialogue (CPD) on Saturday recommended raising the tax-free income threshold level from Tk 250,000 to Tk 350,000 and not keeping the provision of black money whitening facility in the national budget for 2020-‘21 fiscal year.
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…
Masud Rana film gets big budget
Entertainment Desk Masud Rana, the fictional super spy of Bangladesh, will be brought to the silver screen from the pages of one of the most famous series of paperbacks. The budget for making the film will be at tk 83…
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…
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…