Tag: inflation
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Economist Waheeduddin Mahmud warns of economic instability and foreign debt trap in Budget 2024-25 analysis
Fundamental weaknesses have been exposed in the entire economic system. Comprehensive qualitative changes are required, otherwise it will not be possible to overcome the crisis. Wahiduddin Mahmud raised the question whether any such initiative was taken from the highest level of the government. The government is continuously taking foreign loans. Expenditure on interest has increased…
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Bangladesh Budget 2022 Analysis: Evaluating its impact on economic crisis and inflation control
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…
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Finance Minister: Wait 6 months for inflation measures to take effect: Ali
The minister said, “We have taken all steps to control inflation, and are looking at what more we can do to rein in inflation.” He also said that contractionary measures will continue for now. Aiming to tackle inflation, the Finance Minister on Thursday presented the proposed national budget of Tk 7.97 trillion for the fiscal…
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Budget 2024-25 analysis: The good, the bad and the ugly revealed
Sergio Leone's 'The Good, The Bad, The Ugly' is perhaps the favourite film of budget analysts. This film is always used to analyse the good, bad and ugly aspects of the budget. Here an economist and three businessmen highlight the good, bad and ugly sides of the budget.
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Budget 2024-25: Wishlist long, plans falling short
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…
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The government aims to bring down inflation to 6.5 percent
The government aims to bring down inflation to 6.5 percent
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Tax-free income limit remains unchanged amid high inflation
Tax-free income limit remains unchanged amid high inflation
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National Budget 2024-25: Finance Minister to unveil 7.97 trillion taka plan amid economic challenges
Though the government is trying to reassure people, no one is believing it because the base has become weak. Apart from this, there is also pressure to fulfill various conditions of the International Monetary Fund (IMF). This multidimensional pressure has also affected the upcoming national budget. The growth rate which was more than 10 percent…
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Finance Minister to present budget of 7.97 trillion taka for 2024-25 in Jatiya Sangsad
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…
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Daily essentials become luxuries: Why no coordinated action against inflation?
The inflation picture painted by the Centre for Policy Dialogue (CPD) just ahead of the budget presentation for FY 2024-25 is extremely worrying. Although the overall inflation is 10 percent, food inflation is much higher than this. There has been a lot of discussion on the issue of high inflation for the last few years,…
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Rising inflation in Bangladesh: Government measures ineffective
For the past few years, economists and researchers have been demanding to increase interest on bank loans to bring inflation under control. Bangladesh Bank did not pay any attention to this. However, on January 17 this year, Bangladesh Bank adopted contractionary monetary policy. To control inflation, Bangladesh Bank has slightly increased the policy interest rate…
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Food inflation rate reaches double digits in May: Bangladesh Bureau of Statistics report
Inflation in Bangladesh has remained high for the past two years, hovering above 9 percent. Despite various measures taken by the government to curb inflation, none of them have yielded the desired results so far. Instead, the rate has increased. High inflation rate has become one of the toughest challenges for the government and the…
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Whose fault is it that one dollar is now equal to 117 taka?
After a lot of trials, tests and moves, Bangladesh Bank finally accepted the IMF's conditions and adopted a new foreign exchange system. The crawling peg is not completely market-based. The dollar will remain at a moderate rate, like currently 117 taka. The exchange rate will remain around this. It is not that this will solve…
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Corruption has destroyed our dreams
Corruption has destroyed our dreams
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Dhaka WASA increases water charges by 10% from July 1 – Latest Update
The Dhaka Water Supply and Sewerage Authority (WASA) has decided to increase water charges by 10 per cent from July 1. After the revised price comes into effect, the charge for residential customers will increase from Tk 16.70 per 1,000 litres to Tk 15.18 per 1,000 litres and for commercial customers it will rise to…