On fiscal policy, the IMF urged authorities to pursue ambitious tax reforms, simplify the tax system, and strengthen tax administration and compliance. The Directors also underlined the importance of rationalizing subsidies, prioritizing growth-enhancing investments, improving public financial and investment management, and strengthening social safety nets to promote inclusive growth. Improving the financial viability of energy […]
In addition, measures like constant monitoring of markets to control inflation, increasing coverage of social safety nets, automatic adjustment of fuel oil prices in line with the global market will help in having a positive impact on inflation. Several initiatives have been taken in the next budget, which includes ensuring food for all, improving the […]
The country's economy now faces three major challenges – uncontrolled inflation, rising risky debt and slow pace of the economy. The Citizens Forum has identified these three problems in implementing the SDGs (Sustainable Development Goals) and made several recommendations to address these challenges. Center for Policy Dialogue (CPD) and Citizens Platform jointly organized a discussion […]
The International Monetary Fund (IMF) has once again recommended introducing flexible currency exchange rates in Bangladesh. In a virtual press briefing on Tuesday, IMF Asia and Pacific Department (APD) Director Krishna Srinivasan said Bangladesh has a fiscal account deficit and should introduce a flexible or market-based exchange rate to address it. Loss. The press conference […]
According to the World Bank, Bangladesh's economy is currently facing four challenges – high inflation, foreign exchange deficit, import restrictions and risks to the financial sector. However, the WB estimated that Bangladesh's economy would grow at 5.6 percent, although the government has targeted a growth of 7.5 percent. The Washington-based global lender highlighted these in […]
Allocations to health and education sectors in the Annual Development Program (ADP) in Bangladesh are relatively low. However, experts say the increase in allocation to both these sectors would be considered an investment in the country's future. Like developed countries, many developing countries allocate more funds to these two sectors. Prothom Alo recently ran a […]
Over the past decade, the amount of domestic and foreign debt as a proportion of revenue collected by the NBR has increased by nine percentage points, an analysis of NBR and Finance Ministry data shows. This means that government borrowing is increasing every year. The trend of borrowing has been high for the last three-four […]
According to BBS data, on point-to-point basis at constant prices, the growth rate of agriculture sector in the first quarter of the current financial year was 0.84 percent, which was 2.07 percent in the same period of 2022. -23 Fiscal. In the last financial year, the growth of agriculture sector was 3.37 percent. The growth […]
People in Bangladesh earn more on average than people in India and Pakistan. This is the mathematics of earning within the country. Two decades ago, people in both countries earned much more than people in Bangladesh. After independence, Bangladesh was termed as ‘basket case’. But within 50 years of independence, Bangladesh overtook South Asia’s two […]
He said that due to the increase in the value of the US dollar, there has been a decline in per capita income. However, a responsible source told Prothom Allo that the per capita income in the provisional estimates for the current financial year has been US$2,763. According to the Bangladesh Bureau of Statistics (BBS), […]
The rise in commodity prices has led to an increase in daily expenditure. The real income of the people has decreased. That’s why everyone hopes that the allocation in the social safety net sector will be increased in the coming budget. Even economists have suggested increasing the allocation for the social safety net. However, there […]