Another condition of the IMF to increase revenue collection is to eliminate all types of tax exemptions. The exemption is to be withdrawn in three phases by July 1, 2027. The process of withdrawing these exemptions has started. For example, the nominal tax for textile exporters has been removed and reverted to the previous position. […]
Inflation has increased for three consecutive months and the total inflation rate has increased to 8.58 percent in January this year. Inflation had also increased in December and November. Bangladesh Bureau of Statistics (BBS) on Sunday released inflation data for the month of January. The total inflation rate in December was 8.49 percent. Earlier in […]
Prothom Hello , This is the fourth term of the Awami League and the first budget of the new finance minister. What is new in this budget? Broadly, how would you evaluate it? There were a lot of expectations from this budget. Our economic problems or crisis, whatever you call it, have been going on […]
The proposal to convert black money into white money in the new budget is being criticized the most. Despite giving special facilities to tax evaders, the government cannot discriminate against honest taxpayers. While they are paying a maximum of 30 per cent tax, people with black money will be exempted from only 15 per cent […]
The budget is not about speeches. It is a statement on medium-term macroeconomic policy. This statement is one of the many documents related to the budget. It mentions various challenges faced by the economy, such as a strict monetary and expenditure contractionary policy is being followed, in the hope that this will reduce inflation in […]
The government has set an ambitious revenue collection target of 5.41 trillion taka for the financial year 2024-25. This is 9.7 percent of the country's gross domestic product (GDP). Of this amount, Tk 4.80 trillion is proposed to be collected through the National Board of Revenue (NBR), while the remaining amount – Tk 610 million […]
Former commerce minister Tipu Munshi once said, the standard of living of the 40 million people in Bangladesh is equal to that of the people of Europe. But do the public representatives have any idea about the 40 million people at the bottom, immersed in extreme poverty, who are struggling to get decent food? According […]
Work (75 percent) is the main reason for the increase, followed by groceries, retail and access to everyday online services like banking (67 percent). The study also shows that 96 percent of respondents say that owning a mobile phone has improved their work-life balance. “Mobile technologies are empowering people in Bangladesh, and we are encouraged […]
Considering the circumstances, CPD has advised to set three main objectives in preparing the next budget. First, to restore macroeconomic stability and protect disadvantaged populations; Secondly, to take initiative to increase revenue collection so that dependence on banks is reduced and it becomes possible to meet necessary expenditure from revenue income; And third, to prioritize […]
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 […]